Legal Question in Wills and Trusts in Florida
co trustee
my brother in-law is co trustee with
my mother in -law but if something
happens to her in anyway then he
becomes sole trustee. the trust
says that she transfered to the
trustee the property listed in the
attached schedule to be
designated as beneficiary of any life
ins. policies described herein.
does that mean she transferred
the property to her co-trustee?
does that mean he now owns it?
and does durable power of
attorney mean that the person that
has it now has complete control of
the other person and all assets?
1 Answer from Attorneys
Re: co trustee
Sounds like it is transfered ti him, AS TRUSTEE, not for his own use, but as part of the trust. The actual language would need to be examined, but it sounds like it goes into the trust to be used in accordance with the trust terms.
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