Legal Question in Wills and Trusts in California
I have a living trust in CA, am the Settlor and wish to cancel the trust. How do I do it?
Asked on 2/13/14, 3:38 pm
2 Answers from Attorneys
William Christian
Rodi Pollock
I assuem this is a revocable trust. The trust instrument itself should have detail as to how you can revoke the trust. Once revoked, you must also transfer each asset placed into the trust out of trust by deeds, changing account titles or otherwise.
You might find it helpful to discuss with an effective estate planning attorney why trusts are used, the consequences of revoking the trust, and the methods of reconveying title.
If this is an irrevocable trust, you likely are not able to revoke it.
Answered on 2/13/14, 3:43 pm
Scott Jordan
Jordan Law Office
Mr. Christian's advice is sound and you should follow it.
Answered on 2/13/14, 3:52 pm