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A mother setup an irrevocable grantor trust for each of her
a mother setup an irrevocable grantor trust for each of her 4 children. Each child had on their document, themselves listed as a trustee and just one of sibling as co trustee. The mother and one of th… read more
DamienJD
DamienJD
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Doctoral Degree
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I am the successor of a living trust from my parents. I have
I am the successor of a living trust from my parents. I have sold their property and now find out I need an ein in order to be funded. I'm being ask Trust Filing as an Estate under Sec. 645 yes or no?… read more
Attyadvisor
Attyadvisor
Doctoral Degree
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I live in NM. 1. Can an Irrevocable trust decant assets into
I live in NM.1. Can an Irrevocable trust decant assets into an LLC or a revocable trust.2. Can an Irrevocable trust decant assets into an LLC MANAGED by a newly created irrevocable trust created for t… read more
DamienJD
DamienJD
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Doctoral Degree
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Can a Special Needs Trust Trustee change beneficiaries and
Can a Special Needs Trust Trustee change beneficiaries and the secondary beneficiaries of a Special Needs Trust by decanting it? In this case, the disabled primary beneficiary lives in CA, the Trustee… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
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I wanted to start an LLC owned by a Trust. I want to get the
I wanted to start an LLC owned by a Trust. I want to get the LLC with my brother and the trustee of the trust as my niece. I want full rights to the bank account without being the primary signor.… read more
Christopher B, Esq.
Christopher B, Esq.
Attorney
Juris Doctor
3,287 satisfied customers
Can a trustee make a real estate investment in rental property
Can a trustee make a real estate investment in rental property for an irrevocable GST trust that allows such purchases BUT put the property in a revocable land trust?… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
My husband and his two brothers received gifts from their stepmother
My husband and his two brothers received gifts from their stepmother after their father died (his will failed to provide for them). They want to put all three gifts into a trust with one brother, J, a… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
6,348 satisfied customers
Question for Richard,Lawyer Can one of two properties in a
Question for Richard,Lawyer Can one of two properties in a GRAT, which is in a irrevocable trust be sold? as long as the proceeds from the sale are retained in the managing LLC account that holds the … read more
WiseOwl58
WiseOwl58
JD Honors Graduate
4,337 satisfied customers
I have created two previous revocable living trusts in 2000
I have created two previous revocable living trusts in 2000 and 2006. I now want to revoke the previous 2006 living trust.This will be my last living trust I make. I have read that its best to create … read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
My partner (M, 52) and I (F, 51) are getting ready to invest
My partner (M, 52) and I (F, 51) are getting ready to invest in property together. I own the property, he will own the mortgage. We would like to create a trust that we each could fund and then have t… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
5,629 satisfied customers
I was told about something called a "Section 541 Trust" which
I was told about something called a "Section 541 Trust" which was supposed to be the most secure type of irrevocable trust. I want to make sure I understand this correctly. From what I have read, it s… read more
socrateaser
socrateaser
35,671 satisfied customers
If the Nevada Spendthrift Irrevocable Trust Asset Protection
If the Nevada Spendthrift Irrevocable Trust Asset Protection set up as example follow: Grantor/Trustee/Beneficiary is the same person named "Jane Doe". IS IT LEGAL TO TRANSFER BACK THE TITLE... From: … read more
Law Educator, Esq.
Law Educator, Esq.
126,275 satisfied customers
If I change my Revokable Trust to a Non-Revokable Trust listing
If I change my Revokable Trust to a Non-Revokable Trust listing my daughters as Trustees, would the included properties be held harmless from possible future liens against me?… read more
Brent Blanchard
Brent Blanchard
Solo Practitioner
Doctoral Degree
1,964 satisfied customers
I want to set up trust funds for my disabled son and for each
I want to set up trust funds for my disabled son and for each of my grandchildren. What are the advantages/disadvantages of an irrevocable over a revocable trust fund?… read more
RobertJDFL
RobertJDFL
Attorney
Juris Doctorate
1,522 satisfied customers
I have 2 questions regarding my Nevada Irrevocable Trust. My
I have 2 questions regarding my Nevada Irrevocable Trust. My wish is that due to the fact that I never properly included my businesses in the trust, that I can simply consider the trust as an entity o… read more
socrateaser
socrateaser
35,671 satisfied customers
In Pennsylvania, can my son serve as the trustee of my irrevocable
In Pennsylvania, can my son serve as the trustee of my irrevocable trust? He is also a beneficiary to the trust. If not, can my son in law act in that capacity as he is an attorney? He is not a benefi… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
For various reasons, mainly a very vindictive, litigious ex-husband,
For various reasons, mainly a very vindictive, litigious ex-husband, I am needing to protect my assets so they can be kept for my children (property, etc.). I already have a testamentary trust that wa… read more
Thomas McJD
Thomas McJD
Attorney
Doctoral Degree
3,170 satisfied customers
Im considering establishing an irrevocable trust with my son
I'm considering establishing an irrevocable trust with my son as benefeciary. I've heard that in some circumstances the grantor or benefciary may not be trustee. We live in New Jersey. Is this true?? … read more
ProbateAttorney
ProbateAttorney
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Texas lawyer for 30 years in Estate law

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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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