What is the name of your state ? AZ
I have just typed out an amendment I wish to add to my family trust. All my assets are included in the trust. My son is successor trustee in charge of selling my residence and allocating my assets according to the terms of the trust. The residence is fully paid for and there is more than enough money to pay for its use for a year. Here is what I wrote. I would like some advice on whether this would be legally acceptable as it is written. Thanks.
Amendment to the Peters Family Trust
I, James Peters, settlor and trustee of the Peters Family Trust, hereby amend the trust as follows:
In order to provide a reasonable transition, following my death, for my daughter M-----, who has been living with me at my residence as my primary care provider, without compensation, during my infirmity since February 2004, I hereby instruct the successor trustee, my son G-----, to reserve the residence for the use of my daughter M----- for one year beginning on the date of my death, and to postpone sale of the residence until after the year is up. Cost of the utilities, taxes, and insurance for the residence for this period shall be paid from the trust bank account at 1st ---- Bank.
I have just typed out an amendment I wish to add to my family trust. All my assets are included in the trust. My son is successor trustee in charge of selling my residence and allocating my assets according to the terms of the trust. The residence is fully paid for and there is more than enough money to pay for its use for a year. Here is what I wrote. I would like some advice on whether this would be legally acceptable as it is written. Thanks.
Amendment to the Peters Family Trust
I, James Peters, settlor and trustee of the Peters Family Trust, hereby amend the trust as follows:
In order to provide a reasonable transition, following my death, for my daughter M-----, who has been living with me at my residence as my primary care provider, without compensation, during my infirmity since February 2004, I hereby instruct the successor trustee, my son G-----, to reserve the residence for the use of my daughter M----- for one year beginning on the date of my death, and to postpone sale of the residence until after the year is up. Cost of the utilities, taxes, and insurance for the residence for this period shall be paid from the trust bank account at 1st ---- Bank.