Legal Question in Wills and Trusts in Florida

revocable trusts

What qualifications must an appointed trustee of a revocable trust posess? i.e. - Can an individual in the process of declaring chapter 7 bankruptcy legally be appointed as a trustee? Thank you.


Asked on 4/11/02, 8:35 am

1 Answer from Attorneys
Sanford Martin Martin Law Office

Re: revocable trusts

Generally, a trustee of a revocable trust must be an adult with legal capacity acceptable to the grantor or the trust. Of course, depending on the nature of the trust, a trustee should be qualified to assume the responsibiities set forthin the trust. A person who has filed under Chap. 7 Federal bankruptcy is not disqualified by that fact.

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Answered on 4/11/02, 12:15 pm


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