Can you make a trust in property when you are intoxicated?

Question

Is there certainty?
For example, if you are at a party and declare that somene can have your house when you die which will be held on trust by a third party

Answer 1

Not wise. See a solicitor. Wills can be anything but straightforward.

Answer 2

I doubt any paperwork was done at this party. However if the next day you engaged in some paper work, well, thats quite different. If it's just something you promised to someone because you were drunk then dont worry so much because you could just say that person is crazy and you all were drinking that night and for all you know, you could say that you have no clue what there talking about. Nothing like this is going to be legel unless you do the nessisary paperwork. At any point, Good Luck!

Answer 3

I don't know the official answer to this question, but as a former licensed Realtor I can inform you that a contract entered into while either party is under the influence is not valid. That is, if the Realtor is drunk, etc., the contract is void, and if the signee is drunk, etc., then the contract is also void, and if they are both drunk, etc., the same thing applies. My guess would be that it is not valid, but you should be careful what you say in front of witnesses because a verbal contract can be enforced if there are witnesses. A written contract, however, is always best.

Answer 4

You won't have capacity, you need a trust deed/instrument, and if someone tried to enforce it, they will not get the benefit because equity will not assist a volunteer. Once you are intoxicated your are impaired from making valid decisions .

Answer 5

A document is considered legal fi it is signed and notarized by appropriate lawyers.

Answer 6

You can only enter into a legal agreement if you are sui juris. (That's Latin for sane and sober). It doesn't count if you're non compis mentis (That's Latin for pissed as a fart).

Answer 7

You really shouldn't do that. You might regret it when you are sober.