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I have a trust document that I'm trying to understand and I…

Hi, I have a...

Hi, I have a trust document that I'm trying to understand and I was wondering if I could get some quick help in interpreting it.

Lawyer's Assistant: Since estate law varies from place to place, can you tell me what state this is in?

The trust was established in KS. I own a property (owned by the trust in NY) and I currently live in Chicago, IL.

Lawyer's Assistant: Has anything been filed or reported?

What do you mean by that?

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

No. I'm just trying to determine if I can sell the property - owned by the trust in my name - myself or if I need consent of the co-trustee.

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Answered in 5 minutes by:
1/19/2018
Jessica B
Category: Estate Law
Satisfied Customers: 1,804
Experience: Attorney at Donald B. Linsky & Associates, PA
Verified

Hello. My name is ***** ***** I am a licensed estate attorney. I hope I may be of assistance with your question. Please remember to rate my service at the end of this session. Thank you!

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Customer reply replied 6 months ago
Hi, thank you I will. So my family established a revocable trust in my name and I own a condo and other related properties (parking, storage within building) in brooklyn, NY. My father is a co-trustee. I am interested in selling the condo and I'd like to know if I'm able to make this decision on my own.

First, you need to read the trust document and see if there is a provision regarding whether co-trustees must act together or independently. If it states a trustee may act independently then you may sell the property with only your signature. One exception is the title company may require both signatures.

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If your trust is silent on whether a trustee may act alone then you must have both trustees agree to the sale.

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Customer reply replied 6 months ago
okay, I did read the agreement but I'm not sure I fully understand it.
Customer reply replied 6 months ago
is there any chance you could quickly review it? I know you couldn't necessarily provide a comprehensive answer but you might be able to give me a high level overview.

I understand. Trusts can be fairly long with a lot of complicated sections.

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I believe if you want a document review you must submit separately to Justanswer.

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Customer reply replied 6 months ago
okay, I've never used it before.

No problem. I believe you scan the document in and send it as an attachment.

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Customer reply replied 6 months ago
I have it in pdf form. How long would it take to review it on average? several days?

Not at all. About an hour.

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Customer reply replied 6 months ago
okay, Any estimate on the cost to do that?

I apologize I do not know what Justanswer charges for document reviews.

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Customer reply replied 6 months ago
okay, I will look into it. Thanks for your help.

No problem!

Jessica B
Category: Estate Law
Satisfied Customers: 1,804
Experience: Attorney at Donald B. Linsky & Associates, PA
Verified
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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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