Trusts
Can I revoke and rewrite a paragraph in my revocable trust?
When I have a Trust and am the Settlor and Trustee and I want to revoke paragraph 6B of my original Trust and rewrite it, can I do that? Is it called a Codicil or Addendum? Does it then go through Probate, even though the original Trust doesn't. Is there a form that I could use for this purpose?
Can a house, car, some stock, and a 401k be put into a trust?
Can a house, car, some stock, and a 401k be put into a trust so no one can force you to hand your assets over because of a lawsuit?
How can we create a trust fund for a friend's daughter?
We have a group of friends that would like to establish a 'trust fund' for the daughter of a deceased friend. Her mother is financially irresponsible, and we would like to do this for her future needs like college, wedding, or home. I have been researching this and it seems a little confusing. Will it take hiring an attorney to do this? We would like to save costs and file things ourselves if possible. Any suggestions?
Can two trustees change or dissolve an irrevocable trust in New York?
What is the law in New York on majority rules in an irrevocable trust? If the trust has three trustees, can the trust be changed or dissolved if two trustees agree? (FYI : The trust does not mention majority rules). If so, New York law would prevail. (I live in Florida now but the trust was made in New York). Also, is there a statue of limitations that would make the majority rules law null and void? More information; the third trustee is no longer a US resident. Not sure if that makes a difference. I believe in some states non U.S. residents/citizens can not inherit their relative's U.S. property or U.S. money.
What is the legal definition of Constructive Trust as it relates to a fiduciary duty?
I'm seeking a clear definition of the legal term 'Constructive Trust' as it relates to a fiduciary responsibility.