Legal Question in Wills and Trusts in California
When my father and his trust attorney first got together, my father's intention was to put his real property in his trust. At the same time I had a property in which I had my father put in his name for creditor reasons. My father's property is worth over $2,000,000 and my property was worth about $400,000. The day came for my father to sign all the documents for the trust. After he signed the documents, he took the two property descriptions a switched them. I am assuming that he did this because I always loved his property and he knew it. I find out that he gifted me his property and tried to use my property as trust property. One problem, he already signed my property back into my name before he signed trust documents. In doing this would it automatically revoke his trust? In the trust document it does not specify his address as trust property so I figure it is mine and my property cannot be in his trust because it was in my name before he signed documents. Thanks
2 Answers from Attorneys
Your post doesn't make any sense. In one paragraph you state that he transferred property that you owned into his name (impossible, you would have had to sign a deed to him) to defraud your creditors, the property was placed back in your name, the property was placed in trust, and that he gave you his property.
Can you break it down and be more specific as to who holds title to each parcel of property?
Do you have an attorney helping you with this?
Best,
Daniel Bakondi, Esq.
415-450-0424
The Law Office of Daniel Bakondi, APLC
870 Market Street, Suite 1161
San Francisco CA 94102
http://www.danielbakondi.com
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