WHEN I FAMILY TRUST IS WRITTEN OUT BY A LAWYER FROM ALL SIBLINGS CAN A?

Person sinecure an additional counsel to assistance them? we was told once a certitude is wrote down we CANNOT shift it no make a difference what! Is this true?
You have to follow a certitude just how it was created down?

Related posts:

  1. IF I GET A FAMILY TRUST FROM A LAWYER, HOW MUCH DO U THINK IS THE LEGAL FEES?
  2. HOW MUCH WOULD A LAWYER CHARGE TO SET UP A TRUST AND WILL FOR A WEALTHY FAMILY?
  3. DO I NEED A LAWYER WHEN THE FAMILY TRUST FUND IS READ?
  4. MY AUNT 96 HAS DEMENTIA WAS TAKEN TO A LAWYER BY FAMILY & GOT AN IRREVOCABLE TRUST?
  5. ONE FAMILY MEMBER RETAINS A LAWYER TO DRAFT A FAMILY BUSINESS CONTRACT INVOLVING 5 MEMBERS. LAWYER REPRESENTS?

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One Comment

  1. shizzle
    Posted September 8, 2010 at 11:51 pm | Permalink

    EDIT: sorry, i tried to answer in a hurry earlier – here’s a more in-depth explanation as to what i meant – hope i don’t lose you on the wordiness of it, lol – sorry, but i wanted to try and make it as clear as possible:

    again, anyone can hire a lawyer for any reason they want. however, only the person/people who set up the trust in the first place can make *major* changes to it (in other words, the person/people with the $$$$$, lol – known as the “Grantor(s)”)….

    if there is more than ONE Grantor, while any other Grantor(s) is alive, one Grantor alone may not make any changes to the trust without the legal, written consent/approval of the other living Grantor(s).

    the Trustee is the person in charge of handling the trust…many times, the Grantor (while still alive) is also the Trustee. the Successor Trustee is the person who will manage the trust when the Grantor dies, or if the Grantor becomes incapacitated.

    upon the Grantor’s death, the Successor Trustee will immediately have the same powers that the Grantor had as Trustee to buy, sell, borrow, or transfer the assets *inside the trust*. they also have the right to distribute the trust’s assets according to the instructions in the trust.

    HOWEVER, the Successor Trustee does *not* have the legal right to *CHANGE* the trust (for instance, the Successor Trustee can’t add or remove a beneficiary, or change any beneficiary’s entitlements as listed in the trust).

    if you have more specific questions/details you wish to share, i can give you a more specific answer – feel free to email me if you’d prefer.