Legal Question in Wills and Trusts in California
Can the Cash part of a trust be used to invest in the house portion without all trustees agreeing?
Asked on 3/24/12, 10:43 am
4 Answers from Attorneys
Kurt Seidler
Law Offices of Kurt A. Seidler APC
Depends on what powers were reserved to the trustee. If it is preventative maintenance, it is probably OK.
Answered on 3/24/12, 4:41 pm
Jennifer Rouse
Meissner Joseph & Palley
It also depends on what the trust says regarding whether all the trustees have to agree to an action or if only a majority can take action.
Answered on 3/25/12, 2:46 am