Hi Scott, Thank you for replying, & advise. Last year had my family trust cancelled by a court judge as revocable, cost me £1.6 million & my house, no one in UK wants to challenge the Court's Judgement.? Your video was very helpfull, Best wishes Patrick
In a case where a fraudulent Trust was created through Undue Influence & Lack of Capacity: Let's say the document is determined to be VOID by the court and the valid pre-existing Trust is accepted as the correct one. How do the beneficiaries then collect their rightful inheritance? Does the probate judge order the stolen assets to be returned and distributed according to the valid Trust document terms? How does that work? It gets extremely complicated when there's a 'bad Trustee' who is adversarial towards the beneficiaries and steals all the Trust assets.
I am not an attorney and do not give legal advice- rather practical advice based on dealing with clients on real life issues like creating order to chaos.
In light of the conflicts of Whitney Houston's estate it's important to understand Trusts. According to Forbes article just out Houston had not updated her legal documents for 20 years. Stay on top of your planning and communicate it to those you love.
+Patrick O'Neill I am not an attorney and do not give legal advice- my attorney friends tell me their are some 35 different types of trust in the US Legal system and some are revocable and some are irrevocable. The purpose of this video is to provide basic Trust understanding and not to be taken as advice- seek professional help on your specific legal matters.
Trusts are made simple and easy to understand. Get the basics here in this short educational video.
Hi Scott, Thank you for replying, & advise. Last year had my family trust cancelled by a court judge as revocable, cost me £1.6 million & my house, no one in UK wants to challenge the Court's Judgement.? Your video was very helpfull, Best wishes Patrick
In a case where a fraudulent Trust was created through Undue Influence & Lack of Capacity: Let's say the document is determined to be VOID by the court and the valid pre-existing Trust is accepted as the correct one. How do the beneficiaries then collect their rightful inheritance? Does the probate judge order the stolen assets to be returned and distributed according to the valid Trust document terms? How does that work? It gets extremely complicated when there's a 'bad Trustee' who is adversarial towards the beneficiaries and steals all the Trust assets.
I am not an attorney and do not give legal advice- rather practical advice based on dealing with clients on real life issues like creating order to chaos.
In light of the conflicts of Whitney Houston's estate it's important to understand Trusts. According to Forbes article just out Houston had not updated her legal documents for 20 years. Stay on top of your planning and communicate it to those you love.
Thank you for sharing this video on Trust basics and key ways it benefits families.
I live in new zealand and want to know how many trustees to form a legal trust
Check out this video on TH-cam: Trusts explained in a way we all can understand them.
Is a trust legal if revocable or irrevocable
+Patrick O'Neill I am not an attorney and do not give legal advice- my attorney friends tell me their are some 35 different types of trust in the US Legal system and some are revocable and some are irrevocable. The purpose of this video is to provide basic Trust understanding and not to be taken as advice- seek professional help on your specific legal matters.
Contact me and I would glad to shoot you a copy of the article from Horsesmouth "5 Questions to Ask Yourself 5 Years Before you Retire."