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Can a testamentary trust be revocable?
No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.
Who sang you little trust maker?
would like to know who sang you little trust maker? or you will trust me girl, Im no heart breaker
Does a trust become irrevocable after the death of the maker of the trust?
Generally yes. When the maker has died it can no longer be revoked. The provisions in the trust document will control it.
Assuming that a Trust Maker has died when can a Successor Trustee close or dissolve a living trust?
A well-drafted trust instrument should contain language that directs the manner by which a successor trustee can be appointed and how the trust will be terminated. Those directions must be followed. If the trust document is not clear then a court must make a determination especially if the trust holds title to real estate. You should seek the advice of an attorney who is experienced in trust law.
A CST is created with children as beneficiaries and wife receives income. What happens to CRT when the wife dies. Does trust continue or can children dissolve trust to distribute assets?
Your abbreviations are not universally known. However, generally, you must look to the trust for the information you seek. The document that created the trust should include the answers to your questions. A trust operates according to the provisions set forth in the trust document.
When a revocable trust becomes a irrevocable trust after a person dies is trust a non grantor trust or a grantor trust?
it remains a grantor trust
Can I remove myself as trustee and dissolve the trust?
You need to review the terms of the trust to determine how it can be dissolved.
When a trustee dies does the beneficiary of the trust get notified of what is in the trust?
Not necessarily, another trustee will be appointed.
Can a declaration of trust be revoked at any time?
A revocable trust can be revoked by its maker at any time. An irrevocable trust cannot be revoked.
Can the surviving spouse dissolve a revocable living trust for the purpose of disinheriting a beneficiary?
Typically, a surviving spouse cannot unilaterally dissolve a revocable living trust for the purpose of disinheriting a beneficiary if the trust was set up by both spouses. However, they may be able to amend the trust if it allows for changes to beneficiaries. It is important to consult with an attorney for specific legal advice in this situation.
What happens when the benefiary of a trust dies?
A properly drafted trust has provisions for the distribution of the trust property upon the death of the beneficiary.
Can a trustee dissolve the charitable trust and keep the profits?
Can a trustee disolvevthe charitable trust and keep any profits
