Legal Question in Wills and Trusts in Florida

The legal deffination of Promissary Note and Irrvocable Trust


Asked on 9/14/11, 4:23 pm

1 Answer from Attorneys
Lucreita Becude Lucreita D. Becude, P.A.

Promissory note - a kind of negotiable instrument whereinthe maker agrees (promises) to pay a sum certain at a definite time.

Irrevocable Trust - Trust that cannot be revoked by the person creating it, except with approval of the Beneficiary as opposed to a Revocable Trust in which the trust instrument can be changed by the person creating it.

Read more
Answered on 9/15/11, 6:50 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in Florida