Legal Question in Wills and Trusts in California
Rotating Trust
My niece is engaged to someone who claims all of his money is in a rotating trust. I can find no reference to this kind of trust. Can you tell me what it is and how it differs from a living trust?
Thank you
Ron Bell
Asked on 9/12/03, 9:45 pm
2 Answers from Attorneys
Michael Olden
Law Offices of Michael A. Olden
Re: Rotating Trust
i've practiced law for over 30 years and one of my two specialities is estate planning --- i have never heard of or know what a rotating trust is ---
Answered on 9/12/03, 10:59 pm
Scott Schomer
Schomer Law Group
Re: Rotating Trust
I agree with Mr. Olden, I've never heard of a rotating trust. Hopefully it's not similar to 'Snipes' or Florida swamp land.
Answered on 9/15/03, 12:46 pm