If the grantor and the trustee are the same person in an irrevocable trust can they revoke any or part of that trust from the beneficuary?

If the grantor and the trustee are the same person in an irrevocable trust can they revoke any or part of that trust from the beneficuary?
by

1 Answer

Answer :

In short no, an Irrevocable Trust cant be legally revoked by either party.
by

Related questions

Where is the form for the irrevocable trust Is the living trust the same as an irrevocable trust?

Description : Where is the form for the irrevocable trust Is the living trust the same as an irrevocable trust?

Last Answer : The biggest difference between the trusts is that the Living Trust is revocable and can be changed over time. For detailed information visit: http://www.ultratrust.com/revocable-trusts-vs-irrevocable-trusts.html

How can you desolve an irrevocable trust.?

Description : How can you desolve an irrevocable trust.?

Last Answer : An irrevocable trust can be revoked or dissolved under only very limited circumstances. Essentially, the irrevocable trust must have it written into the wording of the trust and a possibility of ... there if the trust is functioning completely improperly or other than the way it was intended.

What is the difference between an irrevocable trust and a living trust?

Description : What is the difference between an irrevocable trust and a living trust?

Last Answer : Provisions of a living trust remain valid as long as you stay alive, but the benefactors of your estate are not bound by these provisions once you have died. An irrevocable trust binds the benefactors of your estate to the trust's provisions.

Is there anything I can do to stop a successor trustee in a living trust, who has not acted responsibly or impartially between beneficiaries, other than the long wait of a hearing to remove a trustee from distrubuting assets in less than 60 days from dea?

Description : Is there anything I can do to stop a successor trustee in a living trust, who has not acted responsibly or impartially between beneficiaries, other than the long wait of a hearing to remove a trustee from distrubuting assets in less than 60 days from dea?

Last Answer : Generations Probatecan answer your question 5301 Madison Avenue, Sacramento, CA- (916) 679-5550

can a revocable trust be terminated before it's expiration date and devided however the trustee wants or does it have to be divided equally shares?

Description : can a revocable trust be terminated before it's expiration date and devided however the trustee wants or does it have to be divided equally shares?

Last Answer : A revocable trust is just that - revocable. If you are the creator of the trust, you can revoke it and change ownership of property.

Can a university revoke your degree if you get in trouble with the law?

Description : Can a university revoke your degree if you get in trouble with the law?

Last Answer : Maybe it could happen; but, it appears to me that it’s usually the honorary degrees that are revoked due to questionable behavior.

How can the offer or revoke his offer?

Description : How can the offer or revoke his offer?

Last Answer : To be able to answer your question we need a what, who, where,when, why, or how. Your question doesn’t give us who or what.

my son is incarcerated on a motion to revoke probation he is 23 yrs and we are trying to find a longterm drug rehab we have no money and if there is one that could be court mandated that could be an option?

Description : my son is incarcerated on a motion to revoke probation he is 23 yrs and we are trying to find a longterm drug rehab we have no money and if there is one that could be court mandated that could be an option?

Last Answer : I am searching for the same thing for a cousin of mine who is incarcerated in Brownsville, Texas..

The QRC shall have the following functions: a. Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review. b. Mete out sentences of imprisonment to CPAs who fail to present a valid system of quality control. c. Revoke the certificate of registration and professional ID of an individual CPA, firm, or partnership of CPAs who have not observed quality control measures and who has not complied with the standards of quality prescribed for the practice of public accountancy. d. All of these

Description : The QRC shall have the following functions: a. Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review. b. Mete out ... with the standards of quality prescribed for the practice of public accountancy. d. All of these

Last Answer : Conduct quality control review on applicants for registration to practice public accountancy and render a report on such quality review.

Which of the following is not mentioned as a power of the Board? a. To monitor the conditions affecting the practice of accountancy. b. To supervise the registration, licensure and practice of accountancy. c. To sentence to imprisonment CPAs who have been found guilty of violations of the Accountancy Act. d. To issue, suspend, revoke, or reinstate the Certificate of Registration for the practice of the accountancy profession

Description : Which of the following is not mentioned as a power of the Board? a. To monitor the conditions affecting the practice of accountancy. b. To supervise the registration, licensure and ... , suspend, revoke, or reinstate the Certificate of Registration for the practice of the accountancy profession

Last Answer : To sentence to imprisonment CPAs who have been found guilty of violations of the Accountancy Act

In SQL, which of the following is not adata definitionlanguagecommands? A. RENAME B. REVOKE C. GRANT D. UPDATE E. None of the above

Description : In SQL, which of the following is not adata definitionlanguagecommands? A. RENAME B. REVOKE C. GRANT D. UPDATE E. None of the above

Last Answer : UPDATE

None Language Irrevocable ?

Last Answer : Saints Language Irrevocable.

If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed

Description : If an exporter is doubtful about an issuing bank's ability to pay, he will expect a domestic bank to join the transaction in a _____ letter of credit. A. revolving B. irrevocable C. revocable D. unconfirmed E. confirmed

Last Answer : E. confirmed

If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean

Description : If a letter of credit can be neither cancelled nor modified without the consent of all parties, it is known as _____. A. revolving B. irrevocable C. revocable D. unconfirmed E. unclean

Last Answer : B. irrevocable

Which one of the following statement is true? (a) Offer and acceptance are revocable (b) Offer and acceptance are irrevocable (c) An offer can be revoked but acceptance cannot (d) An offer cannot be revoked but acceptance can be revoked.

Description : Which one of the following statement is true? (a) Offer and acceptance are revocable (b) Offer and acceptance are irrevocable (c) An offer can be revoked but acceptance cannot (d) An offer cannot be revoked but acceptance can be revoked.

Last Answer : (a) Offer and acceptance are revocable

Alabama law: Can a convicted felon be appointed as a trustee for his mother's large estate?

Description : Alabama law: Can a convicted felon be appointed as a trustee for his mother's large estate?

Last Answer : If he or she has paid their debt to society then probably yes.

If you were asked to become someone's trustee, would you (specific details inside)

Description : If you were asked to become someone's trustee, would you (specific details inside)

Last Answer : I think I’d take the trustee-ship and learn from the others’ bad decisions and try to steer this into a good direction instead of focusing on the bad memories. good luck.

Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Description : Is it a problem to appoint someone who is filing for bankruptcy as a trustee to your investment account?

Last Answer : yea, I think so

What is a trustee area ?

Description : What is a trustee area ?

Last Answer : Countries in the world which have separate entities but do not have independence and sovereignty and are run under the supervision of another state are called trustees . The UN Board of ... of Trustees, the United Nations assumes responsibility for overseeing the underdeveloped regions of the world

Who is the trustee of the constitution ?

Description : Who is the trustee of the constitution ?

Last Answer : Jatiya Sangsad is the trustee of the constitution.

What is Trustee Council ?

Last Answer : The Council of Trustees of the United Nations (French: Le Conseil de tutelle des Nations unies), a major body of the United Nations , is established to help govern its territories in the best ... the Pacific Island Confidence Zone , which became a member state of the United Nations in December 1994.

Decline to Serve as Trustee or Personal Representative?

Description : Decline to Serve as Trustee or Personal Representative?

Last Answer : Decline to Serve as Trustee or Personal Representative(Download)_________________________, who is entitled to act as the trustee or personal representative of the estate of _________________________, by virtue ... in these positions makes a great deal of senseunless you have a personal commitment

do i the trustee have to provide copies of my fathers benificiaries, my brothers?

Description : do i the trustee have to provide copies of my fathers benificiaries, my brothers?

Last Answer : A trustee is legally required to give the beneficiary a copy of the terms of trust if they request it.

With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

Description : With ICICI and BoB sold there shareholding in CIBIL, who has bought their percentage of shares? A) Aditya Birla Trustee Company Private Ltd. B) Indian Overseas Bank C) TransUnion International Inc D) Union Bank of India E) India Infoline Finance Limited

Last Answer : C) TransUnion International Inc Explanation: Earlier the shareholding patterns of CIBIL were TransUnion International Inc (66.1%) ICICI Bank Ltd (6%) Bank of Baroda (5%) Bank of India (5%) Union ... Private Ltd. (4%) India Alternatives Private Equity Fund (2.9%) India Infoline Finance Limited (1%)

Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

Description : Which of the following has exited the shareholding of CIBIL? A) ICICI and Bank of India B) United Bank of India and Aditya Birla Trustee Company Private Ltd. C) United Bank of India and Bank of Baroda D) ICICI and Bank of Baroda E) Indian Overseas Bank and ICICI

Last Answer : D) ICICI and Bank of Baroda Explanation: ICICI Bank has sold its whole six per cent stake in the company, while Bank of Baroda has sold its whole five per cent holding.

Which of the following holds minority stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Description : Which of the following holds minority stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Last Answer : E. India Infoline Finance Limited Explanation: India Infoline Finance Limited – 1%

Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Description : Which of the following holds 4% stake in CIBIL? A. Bank of India B. TransUnion International C. Aditya Birla Trustee Company Private Ltd D. ICICI Bank Ltd E. India Infoline Finance Limited

Last Answer : C. Aditya Birla Trustee Company Private Ltd Explanation: Aditya Birla Trustee Company Private Ltd – 4%

A_________ include the following call for periodical report from the company. a. Underwriter b. Shareholder c. Debenture trustee

Description : A_________ include the following call for periodical report from the company. a. Underwriter b. Shareholder c. Debenture trustee

Last Answer : c. Debenture trustee

Would you trust this person?

Description : Would you trust this person?

Last Answer : I don’t know. The image has been drawn on so I’m not sure how he looks unaltered.

Who is someone you completely trust in your life? Can you mention a person or public figure whom you would trust?

Description : Who is someone you completely trust in your life? Can you mention a person or public figure whom you would trust?

Last Answer : My partner.

Does knowing a person has cheated/is cheating on their spouse/sig. oth. affect whether or not you feel you can trust them?

Description : Does knowing a person has cheated/is cheating on their spouse/sig. oth. affect whether or not you feel you can trust them?

Last Answer : Simply put, you're trustworthy or not. It is reasonable to assume that if you will cheat on someone you love, you will more easily cheat someone you don't. In the case of SO, no one has made a promise ... enough to marry them, then you have no ties to them, and either of you can leave at any time.

Real estate question. Can a person be on the promissory note and not on the deed of trust?

Description : Real estate question. Can a person be on the promissory note and not on the deed of trust?

Last Answer : Yes, anytime one person co-signs for someone else, they are on the promise to pay. They don't have to have any ownership in the property (real estate as well as auto). This is usually done ... who signs off a quit-claim deed in the mistaken belief that gets them out of responsibility for the debt.

Can a family trust be legally changed if the person has dementia?

Description : Can a family trust be legally changed if the person has dementia?

Last Answer : A trust cannot be challenged if it was created before the personhad dementia.

Can a person with power of attorney change a family trust?

Description : Can a person with power of attorney change a family trust?

Last Answer : The answer depends on the details. You should review the document that created the POA for language regarding the powers of the trustee and the trust document for language regarding amendments to the ... the trust document and explain your options especially if you suspect the AIF of self dealing.

Which one of the following statements is correct ? (A) Audit of an educational institution is compulsory if it is run by a charitable trust (B) A club is treated as a commercial establishment (C) The accounts of a charitable trust can be audited by any person who belongs to accountancy profession (D) Audit of a charitable trust is not compulsory under law

Description : Which one of the following statements is correct ? (A) Audit of an educational institution is compulsory if it is run by a charitable trust (B) A club is treated as a commercial establishment ( ... who belongs to accountancy profession (D) Audit of a charitable trust is not compulsory under law

Last Answer : Answer: Audit of an educational institution is compulsory if it is run by a charitable trust Free

Does trust fall into the same category as respect?

Description : Does trust fall into the same category as respect?

Last Answer : They are different things, but if you can’t trust somebody you certainly can’t respect them. At the same time, you can trust someone but not necessarily respect them.

Apple's iPad costs the same everywhere; why isn't this price fixing and a violation of anti-trust laws?

Description : Apple's iPad costs the same everywhere; why isn't this price fixing and a violation of anti-trust laws?

Last Answer : In Australia the assorted apple resellers often have specials or sales. And there are some stores that will give a discount if you pay cash or if you belong to the local MUG. So I assume it is a suggested retail price and it is up to the individual dealers how much of a margin they want.

Would you trust a doctor who gave the same prescription no matter what your symptoms?

Description : Would you trust a doctor who gave the same prescription no matter what your symptoms?

Last Answer : answer:How do you suggest we change this? I once had a psychiatrist that thought Prozac was the problem to all of life’s problems. I remedied this by going to a betters psychiatrist. I don’t think the same strategy will work here.