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Yes, a person can be removed from a trust if the trust document contains provisions for removal, such as due to misconduct, incapacity, or for other specified reasons. Legal proceedings may be required to remove someone from a trust if the terms are not clear or agreed upon by all parties involved. It is recommended to consult with an attorney specializing in trust and estate law for guidance on the specific circumstances.
What else can I help you with?
Is the Settler of a Revocable Living Trust the person whos name appears on the Trust?
The settler is the person who creates the trust and transfers their property to the trust. More common terms are grantor and trustor.
What is trust in a person?
Trust in a person is having confidence in their reliability, integrity, and capability to follow through on commitments or promises. It involves believing in their intentions and feeling secure in their actions. Trust is built over time through consistent behavior and communication.
Does the person overseeing a trust need to tell a minor that a trust exists for them?
In most cases, the person overseeing a trust does not need to inform a minor beneficiary about the trust until they reach the age specified in the trust document to receive the funds. However, laws may vary by jurisdiction, so it's advisable to consult with a legal professional for guidance.
How do you find out if you are a beneficiary of a trust?
You must ask the trustor, the person who made the trust. Otherwise, you need to wait and see if you are ever notified that you are a beneficiary of a trust.You must ask the trustor, the person who made the trust. Otherwise, you need to wait and see if you are ever notified that you are a beneficiary of a trust.You must ask the trustor, the person who made the trust. Otherwise, you need to wait and see if you are ever notified that you are a beneficiary of a trust.You must ask the trustor, the person who made the trust. Otherwise, you need to wait and see if you are ever notified that you are a beneficiary of a trust.
In law a person who finalises the transaction of as property to the beneficiary on express trust?
The person who finalizes the transaction of property to the beneficiary on express trust is typically known as the "trustee." Trustees are legally responsible for managing the trust assets in accordance with the terms of the trust and for distributing the property to the beneficiaries as outlined in the trust document. They have a fiduciary duty to act in the best interests of the beneficiaries and to follow the instructions of the trust.
Can an heir be removed from a trust?
Only by the grantor assuming said person is still living.
How does a beneficiary in a irrevocable trust remove a trustee from property?
They must review the trust document to determine how trustees can be removed and replaced.They must review the trust document to determine how trustees can be removed and replaced.They must review the trust document to determine how trustees can be removed and replaced.They must review the trust document to determine how trustees can be removed and replaced.
Are you an executor to a will for ever?
Depends on the case. In the irrevocable trust or a trust after the person dies neither are revocable. If the executor doesnt act properly they can be removed by a judge. Once all of the funds are giving out of the will there is no longer a executor.
Can a trust property be sold is there a grant of probate issued?
If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.
Should you stay with a person you can't trust?
Whether or not you should stay with a person you can't trust depends on if you feel that you can eventually trust the person. If there is no chance of trust developing, it would be difficult to have a lasting, happy relationship.
What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
Is the Settler of a Revocable Living Trust the person whos name appears on the Trust?
The settler is the person who creates the trust and transfers their property to the trust. More common terms are grantor and trustor.
What causes a person to believe everything a person tells them?
A person believes out of trust. So it means the person has trust for someone before he/she can believe
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
What are the different types of trust that can be placed in a person?
There are different types of trust that can be placed in a person, such as reliability, honesty, competence, and loyalty. These types of trust reflect different aspects of a person's character and behavior that can influence how much trust we place in them.
How do you trust that forgotten person again?
Trust must be earned.
How was the brain removed from a dead person?
it was removed through their nostrils
