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Trust law is extremely complex and you need to have your trust reviewed by an attorney who is familiar with Florida trust law. There are different requirements in different states regarding trusts, especially trusts that hold real estate. I have seen many examples of trusts drafted in other states used to hold real estate in Massachusetts that are invalid under Massachusetts law. That type of error can be very costly to correct if it can be corrected. The trust may fail completely or it may need to be amended by a judge.
Wiki User
∙ 15y ago
No, a trust validly formed in Illinois may not automatically be valid in Florida. You may need to take certain steps to ensure that your trust is recognized and enforceable in Florida, such as complying with Florida's laws on trust formation and administration. It is recommended to consult with a legal professional who is knowledgeable in both Illinois and Florida trust laws to ensure that your trust is properly recognized across state lines.
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Can executor sell trust property in Florida law?
In Florida, an executor does not have the authority to sell trust property. This responsibility falls to the trustee, who must follow the terms of the trust and state laws when selling trust assets. It is important for the trustee to act in the best interest of the beneficiaries and seek legal advice if unsure of how to proceed.
Does a trust have to be written?
Yes, a trust must be written to be legally valid. A written trust document outlines the terms and conditions of the trust, including the assets involved, the beneficiaries, and the responsibilities of the trustee.
Can a police officer from Illinois bring his weapon into Chicago when off duty?
Yes, as of 2013, off-duty police officers in Illinois are allowed to carry concealed weapons, but they must have a valid concealed carry license issued by the state. Thus, a police officer from Illinois can bring his weapon into Chicago when off duty if he has a valid concealed carry license.
How long is a garnishment valid in Florida?
In Florida, a garnishment is valid for up to 20 years. This means that creditors can collect payment through wage garnishment or bank account levy for a period of 20 years after obtaining a judgment against a debtor.
What is the legal age to own real estate in Illinois?
The legal age to own real estate in Illinois is 18 years old. Minors can own real estate in Illinois, but it is often held in a trust or through a guardian until they reach the age of majority.
Is a Illinois Will valid in Florida?
Yes. An Illinois Will is valid in Florida. The lawyers in Florida recommend that it be updated if a person moves to Florida to reflect new circumstances. If someone sells Illinois property but retains it in a will while purchasing Florida property and does not list it in the will, it can cause problems. Sometimes people want to leave 50,000 to a niece and the rest to children, but hospital bills take the 500,000 they intended to leave to children and the niece gets the last 25,000. Florida lawyers have seen all sorts of pitfalls caused from using out of state wills not updated by new circumstances.
What is the difference between a valid trust and enforceable contract?
a valid trust is true and an enforcebale trust can be enforced
Can you use Florida Giordano's coupons at an Illinois Giordano's restaurant?
You might not be able to. However, inquire Florida Giordano's and Illinois Giordano's to find out if you can you use valid coupons. One region may be exempt from the other, so you would have to get assurance from both sources.
What is Florida's motto?
The motto of the state Florida is "In God We Trust"
Why is a will from California not good in Florida?
A will that's written and valid in California should be valid and enforceable in Florida.
What is Florida slogan or motto?
The Florida State Motto is 'In God We Trust'.
When was Florida Communities Trust created?
Florida Communities Trust was created in 1989.
Can a trust with a taxpayer ID be levied by a judgment creditor?
Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.
Would a FamilyTrust not signed by mother create problems when selling her house?
If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.
What city in Illinois has the same name as a city in Florida?
Jacksonville, Illinois and Jacksonville, Florida. ---- There are also Inverness and Quincy.
What is the official state slogan of Florida?
Florida's state motto is, "In God We Trust."
Does Florida honor the Illinois i-pass?
No Florida does not honor the I-pass.
