What is a Mutual Mistake in Trust Creation?
A mutual mistake in trust creation occurs when both the settlor (the person establishing the trust) and the trustee (the …
What is a Drafting Error in Trust Documents?
Trusts are complex legal instruments designed to manage and distribute assets according to the grantor’s wishes. The success of a …
What is a Dynasty Trust?
How Does a Dynasty Trust Work? A dynasty trust is a powerful estate planning tool designed to preserve wealth for …
What If a Trustee Refuses to Act?
What Are the Duties of a Trustee? A trustee holds a position of immense responsibility. They are legally obligated to …
What is a Constructive Trust?
How Does a Constructive Trust Differ From an Express Trust? While both constructive trusts and express trusts involve holding property …
What is a Nuncupative Will?
A nuncupative will, often referred to as an “oral will,” is a testamentary document that’s spoken rather than written. These …
What Is A Certification Of Trust
A certification of trust is a legal document that verifies the existence and validity of a trust. It’s essentially a …
What is a Letter of Testamentary?
A letter of testamentary is a legal document issued by a probate court that grants an executor, also known as …
What Evidence Is Needed To Obtain Guardianship?
Who Needs Guardianship, Exactly? Guardianship is a legal arrangement where a court appoints an individual (the guardian) to make decisions …
What is a Court-Ordered Trust?
A court-ordered trust, also known as a constructive trust, is a legal arrangement established by a judge rather than through …