2006-12-28 14:54:06 · 4 answers · asked by angus 1 in Politics & Government ➔ Law & Ethics
If you mean a revocable living trust, the manner of revocation is governed by state law and you should be able to accomplish by reading the trust instrument. You can either revoke entirely or just remove your assets from the trust. Consult a local estate planning attorney.
2006-12-28 15:14:17 · answer #1 · answered by Carl 7 · 0⤊ 0⤋
A trust can be disolved a couple of ways. It can be done by filing another court document stating which trust is in force. Or the person who set up the trust can disolve it by going through a title company or real estate lawyer. The power to control the trust lies in the person who set the trust up in the first place.
2006-12-28 14:57:55 · answer #2 · answered by Serinity4u2find 6 · 1⤊ 0⤋
yes but you have to get a lawyer to do that....I would definately get a lawyer even if you just want to know your options (don't go with just any joe smoe out there tho some of them are only in it to rip you off big time)
2006-12-28 14:58:02 · answer #3 · answered by *CiTsJuStMe* 4 · 0⤊ 1⤋
If you are the executor, sell the assets of the trust to yourself for one dollar; there can be no trust without assets. It will be mute at that point.
2006-12-28 14:59:19 · answer #4 · answered by Scrappy 2 · 0⤊ 3⤋