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Yes, a Survivor can dissolve a revocable living trust

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17y ago

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Should you dissolve a revocable living trust before the sale of parents property?

Trust law is complicated. You should seek the advice of an attorney who can review your situation and explain your options.


How do legal trust work?

Legal trusts are arrangements where one party, known as the trustee, holds and manages assets for the benefit of another party, called the beneficiary. The terms of the trust are outlined in a legal document, specifying how the assets should be managed and distributed. Trusts can help avoid probate, minimize taxes, and provide for specific needs of beneficiaries. They can be revocable, allowing the creator to modify or dissolve the trust, or irrevocable, where the terms cannot be changed once established.


Can you get married if you have been separated from your spouse for 10 years?

Yes. The couple is still legally married and therefore, the surviving spouse has all the rights conferred on a surviving spouse under state laws of intestacy. You can check the laws in your state at the related question link below. Couples who separate permanently and who fail to obtain a legal dissolution of the marriage don't realize that by not obtaining a divorce their spouse will inherit some or all of their estate when they die even if there is a will leaving the property to another beneficiary mentioned in the will. In most states in the United States a person cannot disinherit their spouse. The spouse has the "right of election" and can file a claim for an intestate share of the estate. If a couple intends to stay apart they should take the necessary action to legally dissolve the marriage.


Can a trustee dissolve an irrevocable trust?

When you click on the link that has been provided for you beneath this answer it will take you directly to a webpage where you will find everything that you need to need to know about irrevocable trusts and trustees.AnswerThere are revocable trusts and irrevocable trusts. A trustee can only do what is provided in the trust and what is allowed by law. A properly drafted revocable trust should have a provision for the dissolution of the trust. An irrevocable trust is notsubject to change or dissolution. You should consult with the attorney who drafted the trust to determine your options.


What does not dissolve?

oil does not dissolve


Can the trustee of a q tip trust dissolve the trust before the demise of the lifetime beneficiary without the consent of the residual beneficiaries in the state of New Jersey?

A trustee has only the powers that are provided in a trust instrument. Since a Q Tip Trust is created in a will by a testator who desires to preserve the trust property for his children, it is doubtful a testator would grant the power to dissolve the trust to the trustee. Therefore, if the will did not specifically grant that power to the trustee the answer to your question is no.


What sentence for dissolve?

so how does sugar dissolve In? And how it doesn't dissolve in oil?


A substance that does not dissolve in a solvent is said to be what in that solvent?

- Sand does not dissolve in water- Plastic does not dissolve in water- metals do not dissolve in water


What are substances that do not seem to dissolve called?

Substances that do not dissolve are insolubles, because they are not soluble they do not dissolve.


Does acetic acid dissolve styrofoam?

no, it does not dissolve


Can carbonated drinks dissolve paper clips?

IT can dissolve a paper clip, but it cant dissolve meat or a nail.


What can dissolve in liquid?

something that can be dissolve in liquid is called soluble. if the solute can dissolve in the solvent, it is called a solution