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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Absolutely!! Posted by Ward-CA- on August 06, 2003 at 11:08 PM In Reply to: trust, bullet proof? posted by gcastro on August 06, 2003 at 8:25 PM : Ward, I bougth a property using the trust, (declaration of Trust, assignment of beneficial interest, etc.) However, after I bought the property, the owner sold it to someone else, who has recorded their deed after mine. Question, since the deed that the seller gave me says that it is a revocable trust, how full proof is the assignment of beneficial interest that the seller gave me? Would it hold in court? -=-=-=-=-=-=-=-=-=- Gonzalo, The trust is only revocable as long as the trustor remained the beneficiary. Once he divests himself of the beneficial interest he has no power to revoke or do anything else with the trust. So the transfer to you is 100% bueno and it will hold up in court. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward, I bougth a property using the trust, (declaration of Trust, assignment of beneficial interest, etc.) However, after I bought the property, the owner sold it to someone else, who has recorded their deed after mine. Question, since the deed that the seller gave me says that it is a revocable trust, how full proof is the assignment of beneficial interest that the seller gave me? Would it hold in court? : -=-=-=-=-=-=-=-=-=- : Gonzalo, : The trust is only revocable as long as the trustor remained the beneficiary. Once he divests himself of the beneficial interest he has no power to revoke or do anything else with the trust. : So the transfer to you is 100% bueno and it will hold up in court. 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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