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Registered
Join Date: Oct 2005
Location: Capistrano Beach, Ca.
Posts: 7,235
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Let’s clear it up. Simply stated, the trust owns everything before the assignors die. Some trusts and wills transfer additional property to the trust upon death. The trust owns the assets and the trustee controls the trust. The trustee then may maintain, transfer or liquidate the trust and/or its assets according to the trust instructions. No probate.
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L.J.
Recovering Porsche-holic
Gave up trying to stay clean
Stabilized on a Pelican I.V. drip
Last edited by ossiblue; 03-20-2020 at 05:30 PM..
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