Legal Question in Wills and Trusts in Arizona
Joint revocable trust for two unmarried persons
Is it possible to have a joint revocable trust for two unmarried persons .. that both have to agree to any changes in the future?
Asked on 9/17/03, 7:53 pm
1 Answer from Attorneys
Robert Lord
Berens, Kozub & Lord PLC
Re: Joint revocable trust for two unmarried persons
I don't believe that the ability to establish a joint trust is conditioned upon a couple being married. In the business setting, trusts with more than one Grantor are established on a fairly regular basis. Although those trusts usually are irrevocable trusts, there is nothing to say they could not be revocable.
I hope that helps. If I can be of further assistance, feel free to contact me.
Answered on 9/18/03, 12:30 am