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hi this is Keith Davidson at albertson and Davidson I want to talk to you about transferring assets between trust unfortunately when you have a family situation thats very volatile well different factions are fighting against each other sometimes the elder is caught in the middle and so the elder may have a trust where one person is trustee and the assets are being managed and protected and all that and the next thing you know a new trust is created with a new set of bank accounts and the money gets transferred from the old trust to the new trust without the trustee knowing about it and the question is can that occur under the law now technically speaking the answer is no if youre going to transfer assets out of a trust it has to be done by the trustee the trustee is the legal owner of the assets once the trust is created the trustee has the power to withdraw or change assets around unfortunately from a practical perspective often the elder whos the set lord of the trust will still
