Hello,
I am a member of a trust with another person. We have a large parcel of land in the trust which we in theory own together. If I die can I leave my portion of the property to someone in my will even though they are not part of the trust.
2007-08-09 13:11:20 · 4 answers · asked by Fitworkout.com 2 in Politics & Government ➔ Law & Ethics
Yes, you can. The property (or anything else you own) can be distributed as you direct in a will.
2007-08-09 13:14:20 · answer #1 · answered by Stuart 7 · 0⤊ 0⤋
It would depend on how the Trust is worded. If it gives rights of suvivorship to the other person of your share of the trust then no probably not.
This should have been addressed when the trust was set up. That your half to the trust be transfered to a beneficiary of your choice, and the beneficiary named.
2007-08-09 20:16:36 · answer #2 · answered by ♥♥The Queen Has Spoken♥♥ 7 · 1⤊ 0⤋
It depends on your location and exactly how the trust was worded it might fall to another person already pre-decided by the creator of the trust.. you will need to consult with the estate attorney in charge of the trust.
2007-08-09 21:06:53 · answer #3 · answered by UTLonghorn(Pre-Med) 3 · 0⤊ 0⤋
Depends on what state you're in. And like taxes, no question has a simple answer. You need to consult with a lawyer in your state, sorry.
2007-08-09 20:17:14 · answer #4 · answered by lip11 3 · 0⤊ 0⤋