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Can a government entity (county) qualfy to receive proceeds…

Can a government entity...

Can a government entity (county) qualfy to receive proceeds from a charitable remainder trust?

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

This is Larimer County in Colorado

Lawyer's Assistant: What documents or supporting evidence do you have?

Not understanding your question.

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

Our CRT was set up to give final remainder value to the County. We wish to possibly change the beneficiary to an actual non profit, like Salvation Army. The CRT ends this October after 18 yrs.

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Customer reply replied 4 months ago
When do I get an answer?
Answered in 14 hours by:
3/23/2018
Edward Young
Category: Legal
Satisfied Customers: 522
Experience: Principal Attorney at The Law Offices of Edward D. Young, III
Verified

Hi. My name is ***** ***** I am a licensed attorney. I would be happy to provide assistance. Please give me a few minutes to formulate a response. Also, please keep in mind that our conversation does not include an attorney-client relationship and this is for general information purposes only.

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While a Charitable Remainder Trust is an irrevocable trust, you and your spouse may change the charitable beneficiaries of the trust at any time during the trust term.

Here are some links to Colorado lawyers who can help you with this:

https://meurerlawoffices.com/trusts-attorney-denver/charitable-remainder-trust/

https://dslawcolorado.com/charitable-estate-planning-colorado/

https://www.wadeash.com/practice-areas.html

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Have I answered all your questions? If so, please rate me. I get no credit for my work for you unless you rate me. If you have any follow-up or clarification questions, please ask! There is no additional fee.

Edward Young
Category: Legal
Satisfied Customers: 522
Experience: Principal Attorney at The Law Offices of Edward D. Young, III
Verified
Edward Young and 87 other Legal Specialists are ready to help you
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Customer reply replied 3 months ago
Could you tell me where you are licensed so that someone doesn't challenge what you said about our right to change beneficiaries? I didn't notice where to rate, but now I see it.
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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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