Legal Question in Wills and Trusts in Florida

Can You Transfer the Right of a Future Item

the settlor of a irrevocable trust, and advisory to the company, wrote to the company in 2001 ''transfer my title, rights, and interest in stock options to his trust''. But, the stock options would not be granted to the settlor until 2006 per his agmt. The settlor ended up being terminated in Oct 2005 and never received the options. The trust was dissolved in Dec 2005 and the beneficiary nows says he has the rights to the options. Does he have any rights on the options that the settlor never received.


Asked on 7/07/09, 7:32 pm

2 Answers from Attorneys
David Slater David P. Slater, Esq.

Re: Can You Transfer the Right of a Future Item

Not under your facts.

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Answered on 7/07/09, 7:46 pm
Frank J. Pyle Probate Attorney Throughout Florida

Re: Can You Transfer the Right of a Future Item

If the Settlor (or his Trust) had no rights to property, neither do his (its) beneficiaries. He could have left them the Brooklyn Bridge, but if he didn't own it, they don't get it.

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Answered on 7/08/09, 1:14 pm


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