Legal Question in Wills and Trusts in California
regarding special needs trust: If funding for a used car for the benefactor to drive,is paid for from the trust; Can the title be in their name? or does it have to be in the trust name?
Asked on 12/03/11, 5:01 pm
1 Answer from Attorneys
Aaron Feldman
Feldman Law Group
A car is usually an exempt asset, so it is possible for the vehicle to be held by the beneficiary. There may be other factors that would warrant having the trust hold title. If you are the trustee, you should meet with an attorney to review the trust and make sure that you are operating the trust properly and providing proper and timely accountings. I specialize in this area and would be interested in discussing your situation with you in greater detail.
Answered on 12/14/11, 9:04 am