0
Evidence that the trustee has violated their fiduciary duties, mismanaged trust assets, engaged in fraud or dishonesty, or is unable to carry out the terms of the trust can potentially lead to the trust being broken legally. Each case will depend on the specific circumstances and the governing trust laws in the jurisdiction.
Add your answer:
Earn +20 pts
Can you break a trust before the age limit?
It is generally not recommended to break a trust before the age limit set by the trust's terms. Trusts are legally binding agreements, so violating them can have legal consequences. It's important to consult with a legal advisor if you are considering breaking a trust.
Can an exeutor of a trust legally take more than their share as it reads in trust?
No, an executor of a trust is legally obligated to distribute the assets according to the terms specified in the trust document. Taking more than their entitled share would be a breach of their fiduciary duty and could lead to legal consequences.
Can a revocable trust be broken?
Yes, a revocable trust can be revoked or amended as per the wishes of the trust creator. The trust can be broken by following the specific instructions outlined in the trust document or by legally revoking it through a formal process.
Who has custody of the irrevocable trust?
The assets in an irrevocable trust are legally owned by the trust itself, not by any individual. The trustee is responsible for managing the trust assets for the benefit of the trust beneficiaries as outlined in the trust agreement.
What is needed to prepare a living trust?
To prepare a living trust, you will need to gather information on your assets and decide who will be the beneficiaries and trustees. You will also need to draft a trust document that outlines the terms and conditions of the trust. Finally, the trust document must be signed and notarized to make it legally binding.
If a journalist has evidence are they legally bound to report said evidence?
Cha!
Is it possible to break a irrevocable trust?
You can break an irrevocable trust only if there was some legal error involved in the establishment of that trust. If there was an error, you can then go to court and ask to have the trust invalidated on the grounds of that error. If there was no error, then no, you cannot break it.
How far can you trust the evidence of the battle of hasting?
just trust it ok
Can an irrevocable trust be changed by the trustor?
In general, irrevocable trusts cannot be changed by the trustor once they are established. These trusts are designed to be permanent and the trust assets are no longer considered part of the trustor's estate. However, some irrevocable trusts may include provisions that allow for certain changes to be made under specific circumstances.
Can an exeutor of a trust legally take more than their share as it reads in trust?
No, an executor of a trust is legally obligated to distribute the assets according to the terms specified in the trust document. Taking more than their entitled share would be a breach of their fiduciary duty and could lead to legal consequences.
How do you prove a guy that he can trust you?
TRust him Answer Tell him and then you will have to show him that he can trust you. You CANNOT break his trust or it will be gone forever.
Are we ever obligated to trust our emotions without any clear supporting evidence?
We are never obligated to trust our emotions, even withclear supporting evidence. However, it seems we often do trust our emotions even when that is contrary to clear supporting evidence that we should not.
Can text messages be used as evidence?
Anything can be used as evidence if it is obtained in a legal manner. Therefrore text message can be used as evidence if the evidence was legally obtained.
How do you break a trust?
Read the document that created the trust to find how the trust can be terminated. If there is no provision for terminating the trust you need a court order.
What to do when he loves you but doesn't trust you?
break up with him if he doesnt trust you that he will never do and it will be a bad relationship
What happens if you break your parents trust twice?
The more times you break it, the longer it'll take to build it back. If you do that repeatedly your parents will never trust you.
If the grantor and the trustee are the same person in an irrevocable trust can they revoke any or part of that trust from the beneficuary?
In short no, an Irrevocable Trust cant be legally revoked by either party.
