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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Control mechanisms over a trustee... Posted by jenv on July 01, 2003 at 1:52 AM In Reply to: Control mechanisms over a trustee... posted by Ward-CA- on June 30, 2003 at 4:18 PM A backup deed won't undo an unauthorized transfer out of trust and it won't stop an unauthorized voluntary lien, which I assume are the primary concerns one has with respect to trustees. It also won't warn you in advance, which is what I thought you meant when you used the term "tripwire". So how do you accomplish that? This might be absurdly complex, but you could have 2 trustees, one with an estate for years and one with a remainder interest. Then no single trustee could convey fee simple title; they would have to collude to convey fee simple title. Makes for killer asset protection, too. Follow Ups: Control mechanisms over a trustee... Ward-CA- 11:41 PM, 07/03/03 (2) Re: Control mechanisms over a trustee... jenv 1:44 AM, 07/04/03 (1) Don't give the "criminally inclined" that much credit... Ward-CA- 11:51 AM, 07/04/03 (0) Re: Control mechanisms over a trustee... SeanW 6:33 AM, 07/01/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : A backup deed won't undo an unauthorized transfer out of trust and it won't stop an unauthorized voluntary lien, which I assume are the primary concerns one has with respect to trustees. It also won't warn you in advance, which is what I thought you meant when you used the term "tripwire". So how do you accomplish that? : This might be absurdly complex, but you could have 2 trustees, one with an estate for years and one with a remainder interest. Then no single trustee could convey fee simple title; they would have to collude to convey fee simple title. Makes for killer asset protection, too. 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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