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Remove Required Fields into the Declaration Of Trust

Remove Required Fields into the Declaration Of Trust

Aug 6th, 2022

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How to Remove Required Fields into the Declaration Of Trust

4.9 out of 5

40 votes

(fire whooshing) (bright music) - Hey, everybody its Paul from Cary Estate Planning back with another video as part of our 2020 video challenge. Today, were talking about more questions and answers on estate planning from quora.com. Todays question is can a grantor remove property from a revocable trust without consulting or involving the trustee? And the answer to that is probably not, and the issue that that creates is that the trustee is the one who actually owns title to property when its titled in the name of the trust. Its actually titled in the name of the trustee of the trust, and so, while a grantor retains the rights to revoke, to amend, to contribute or withdraw assets, there is generally the practical formalities and logistics of the transfer itself, and thats usually going to be the trustee transferring the property back to the individual grantor, and so, one way to get around that if theres an issue between the grantor and the trustees that the grantor can just rep

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