Estate disputes can be incredibly delicate situations. Many people are reluctant to engage a lawyer too quickly for fear of poisoning the well and foreclosing any amicable resolution. On the other hand, valuable assets can be lost or beneficiaries and others can lose their rights if they wait too long. […]
Category: Trust Challenges
There are two main types of trusts: revocable trusts and irrevocable trusts. By their title, one could be forgiven for assuming that a “revocable” trust, as its name would imply, is changeable, and that an “irrevocable” trust, also as its name would imply, cannot be changed. As with many legal […]
A trust is administered by a trustee — a person selected by the settlor (the person who creates the trust) to administer the trust’s assets for the benefit of the trust’s beneficiaries. Because the settlor specially selected the named trustee to fulfill that role, the text of the trust instrument […]