revoking a trust Archives - Tanya Hobson-Williams

Last updated by Tanya Hobson-Williams at April 13, 2018.

Revoking a Trust

A revocable living trust establishes a relationship between:

The creator of the trust
The trustee who manages the property within the trust and distributes proceeds to beneficiaries
The beneficiaries who receive the property in the trust when the term of the trust expires

A revocable living trust allows assets within the trust as well as income generated by those assets to be managed and distributed by the trustee. The trust income and property are then distributed in accordance with the terms and conditions of the trust. This type of trust is referred to as a living trust because it is established during the lifetime of the creator. With a revocable trust, the grantor may revoke the trust at any point by moving the assets into his or her name without the consent of any other party. Continue reading “Revoking a Trust”

Testimonials

“I want to take this time to thank Tanya and Keith for their professionalism and their ability to keep me calm during this process. Tanya was very helpful in explaining the whole guardianship process and my next steps. Despite my numerous emails, I never felt ignored or that they were growing weary of me. Even after being granted guardianship when I had an issue with the bank releasing money Tanya stayed calm and found a way to get what I was entitled to. I hope I never need to do this again but if I do, I will definitely come back to Tanya and her team. Thank you Thank you Thank you. Love from Bermuda.”

-K. Durham.
(An attorney in Bermuda transferring a Bermudian guardianship to NY)

Elder Law

Elder Law encompasses a broad range of legal matters. It is important for everyone, regardless of age or health, to plan for the future.
Guardianships

The legal system recognizes that some adults, whether due to disease, dementia, mental deterioration, or disability, are unable...
Medicaid / Medicare Fraud

Medicaid is a joint state and Federal program that provides insurance to individuals based upon their income and resources, while Medicare...
Reverse-Mortgage Foreclosures

Reverse mortgages are becoming an increasingly popular way for aging homeowners to refinance...
Landlord-Tenant

Landlord Tenant law can be a complex and confusing subject. Disputes over leases and rent payments are often emotionally...
Business Law

From the initial startup of your business to any issues you may encounter along the way, you can rely on Hobson-Williams, P.C. for effective...
Collections

Hobson-Williams, P.C. has a full-service debt collections department, with experienced debt-collection attorneys who will...
Real Estate Transactions

Many people question why they need an attorney to purchase or sell a home.