• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

trust question

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

S

seabeast

Guest
What is the name of your state? florida. is it normal for a trust to give trustee permission to place liens on property in the trust? also it it normal to require the beneficiaries the sign a trust? thanks in advance
 


ALawyer

Senior Member
I don't know why the beneficiaries would be asked to sign the trust, UNLESS they are also successor trustees, and even then, other than to get a specimen signature for banks, etc. to honor, it would not be needed and the specimen is typically done on papers other than the trust itself.

As for liens, if you are your own trustee, and want to refiance your mortgage, and have place your home in the trust, then the trustee needs to take out the mortgage, and it would be necessary to put a lien on the property for the mortgage to issue.

It also sounds to me as if this is a "do it yourself" trust. Those are usually a BAD idea as people often screw up when trying to do them, even with a computer program or form book.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top