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Can an irrevocable trust be changed if one of the beneficiaries demonstrates abandonment and severs all ties with the creator of the trust before his death without knowing the worth of the trust?
A court would need to amend the trust.A court would need to amend the trust.A court would need to amend the trust.A court would need to amend the trust.
Can a trust be listed as the seller of real estate?
If a Trust is the registered owner, then it would also be the legal seller.
Is your trust fund marital property?
Generally no. A beneficiary's interest in a trust created by someone else would not be marital property. A grantor's interest in a trust that is revocable should be the same character as if the trust did not exist.
How do you find a registered will?
It would be at the probate office for your county. You should be able to make the request at the court house.
Removing a co-executor from a trust after the trustees death?
Look to the instrument that created the trust for instructions for appointment of the successor trustee. Co-executors are not appointed for a trust, they are appointed by a court. You would need to petition the court to remove a co-executor.
How do you collect and distribute assets of trust?
The powers of a trustee and the distribution of assets are set forth in the document that created the trust. For a testamentary trust the will would have to be presented to a court for allowance and an executor would be appointed by the court. If the trust is set forth in the will the court will then review and approve the trusteeship and appoint the named trustee once the estate has been settled. The executor would have collected the assets and they would be transferred to the custody of the trustee after the debts of the estate have been paid and according to the terms of the will. You should retain a probate attorney to supervise the estate.
Can an incompetent person sign and sell real property in Florida?
The court must appoint a guardian or conservator and that court appointed representative must request a license to sell the real estate. The court would make a determination as to whether the sale is in the best interest of the ward.The court must appoint a guardian or conservator and that court appointed representative must request a license to sell the real estate. The court would make a determination as to whether the sale is in the best interest of the ward.The court must appoint a guardian or conservator and that court appointed representative must request a license to sell the real estate. The court would make a determination as to whether the sale is in the best interest of the ward.The court must appoint a guardian or conservator and that court appointed representative must request a license to sell the real estate. The court would make a determination as to whether the sale is in the best interest of the ward.
Can a beneficiary of a living trust pledge interest as collateral?
Unless the Trust was created after the age of concent by mutual consent, it would have been pledged by your parents/informants
Do most creditors suing in court settle for half of the price?
No, not if you make them go to court. If they win in court they get all of the money plus costs and interest, why would the settle?
Can a major claim for the property sold by his father when he was a minor?
You should speak with an attorney in your jurisdiction. If you had an interest in real estate when you were a minor your father would have needed some legal authority to sell it. The authority would need to be granted by a court for his deed to be valid. Generally, your father would have been required to be appointed your guardian and then petition the court for a license to sell your real estate. The court would also appoint an independent guardian ad litem to review the proposed sale to make certain it is in the best interest of the minor. The proceeds would be placed in trust for the minor. An attorney should review the situation and the deed to determine if the sale was valid.
Steps on how do you remove an executor of a trust in California?
First, the person with the legal authority to deal with trust property is a trustee. You need to review the terms of the trust for provisions that address removal and appointment of trustees. If there are no provisions in the trust then you would need to bring an equity petition in the court of jurisdiction asking the court to remove the trustee and appoint a successor.
Can interest in undivided propery be gfted to a crt?
Yes, interest in undivided property can be gifted to a trust. This can be achieved by transferring the ownership of the property to the trust, which would then hold the interest on behalf of the beneficiaries according to the terms outlined in the trust agreement. It is important to consult with a legal professional to ensure that the gifting process is carried out correctly.
