C
Cakes2Ewe
Guest
What is the name of your state? Ca
My home was initially purchased BY an Irrevoc. Trust with the initial trustees name (as TTEE of The Blah Blah Irrv Trust.) This is the way it reads on the deed to the property. I, as beneficiary, was allowed to pick out the home but was not allowed to be part of the escrow.
Now the settlor has changed Trustee's, which is all the rights the settlor retained in this very strange transaction. The new trustee wants to just put my name on the deed, but we don't know if that is allowable. The replaced trustee did not tell the new trustee how to go about this... The settlor did not know that they gave up their rights to say or do anything further, in fact, they did not understand what the trust was doing.
The transaction of purchasing the home is not mentioned anywhere, nor is the address of the property. It does not say that the beneficiary can live there and it gives the beneficiary no powers of appointment.
Any body have any ideas or comments? Please, I don't know if there is a time limit or what...... Sure don't want to lose my home due to some slight ommission of detail........Thank Ewe
My home was initially purchased BY an Irrevoc. Trust with the initial trustees name (as TTEE of The Blah Blah Irrv Trust.) This is the way it reads on the deed to the property. I, as beneficiary, was allowed to pick out the home but was not allowed to be part of the escrow.
Now the settlor has changed Trustee's, which is all the rights the settlor retained in this very strange transaction. The new trustee wants to just put my name on the deed, but we don't know if that is allowable. The replaced trustee did not tell the new trustee how to go about this... The settlor did not know that they gave up their rights to say or do anything further, in fact, they did not understand what the trust was doing.
The transaction of purchasing the home is not mentioned anywhere, nor is the address of the property. It does not say that the beneficiary can live there and it gives the beneficiary no powers of appointment.
Any body have any ideas or comments? Please, I don't know if there is a time limit or what...... Sure don't want to lose my home due to some slight ommission of detail........Thank Ewe