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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Ward..this brings up a question............... Posted by zachary on May 26, 2003 at 0:44 AM In Reply to: Yes the trustor definitely signs the trust. posted by Ward-CA- on May 25, 2003 at 9:43 PM : : I also have Bill Bronchicks trust agreement. Bill has no spot for the Trustor/Settlor/Grantor to sign at the end. I noticed that Ward has a spot for the Trustor/Settlor/Grantor to sign at the bottom. Does the Trustor need to sign, or is the Grant Deed all that is needed from the Trustor? The grant deed does grant it to the trust, so perhaps this is the only signature needed? : : Ron : =•=•=•=•=•=•=•=•=•=•=•= : Ron, : There are three parties to a trust. There’s the trustor, the trustee, and the beneficiary. The Trustor is the party who creates the trust and so she signs it. The Trustee agrees to manage the trust and so he signs it. : If the trust is revocable the trustor reserves the right to reverse direction and cancel the trust regardless of the beneficiary’s knowledge or consent. So the trust doesn’t necessarily need the beneficiary’s signature. : Hope this helps. _______________________________________ Ward, If the trustor (original seller) has the right to cancel the trust then what stops them from doing so at some point before you can sell the property. The property has been grant deeded to the trustee, what happens if the seller then cancels the trust? Even when the benificial interest is signed over to me the trustor still remains as the seller so can they cancel the trust? thanks Zachary Follow Ups: Why it doesn't happen.... Ward-CA- 8:27 AM, 05/26/03 (5) Ward...one more :-) zachary 1:11 PM, 05/26/03 (4) Somehow I don't think so... Ward-CA- 4:54 PM, 05/26/03 (3) Ward....confused!! zachary 10:07 PM, 05/26/03 (2) Just bear with me this one last time... Ward-CA- 0:09 AM, 05/27/03 (1) Thanks Ward...I was reading into it to much ;-) zachary 8:16 AM, 05/27/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : : I also have Bill Bronchicks trust agreement. Bill has no spot for the Trustor/Settlor/Grantor to sign at the end. I noticed that Ward has a spot for the Trustor/Settlor/Grantor to sign at the bottom. Does the Trustor need to sign, or is the Grant Deed all that is needed from the Trustor? The grant deed does grant it to the trust, so perhaps this is the only signature needed? : : : Ron : : =•=•=•=•=•=•=•=•=•=•=•= : : Ron, : : There are three parties to a trust. There’s the trustor, the trustee, and the beneficiary. The Trustor is the party who creates the trust and so she signs it. The Trustee agrees to manage the trust and so he signs it. : : If the trust is revocable the trustor reserves the right to reverse direction and cancel the trust regardless of the beneficiary’s knowledge or consent. So the trust doesn’t necessarily need the beneficiary’s signature. : : Hope this helps. : _______________________________________ : Ward, : If the trustor (original seller) has the right to cancel the trust then what stops them from doing so at some point before you can sell the property. : The property has been grant deeded to the trustee, what happens if the seller then cancels the trust? : Even when the benificial interest is signed over to me the trustor still remains as the seller so can they cancel the trust? : thanks : Zachary Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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