living trust
Once you re-title the original trust to the family trust (after one of the two trustees pass away), can this account of stocks be altered with buys & sells?
Asked on 7/22/07, 12:54 pm
1 Answer from Attorneys
Jeffrey R. Gottlieb
Law Offices of Jeffrey R. Gottlieb, LLC
Re: living trust
The trustee runs the operations of the trust and can invest and re-invest under the terms of the document and the trusts and trustees act (including the prudent investor rule). Generally, yes, the trustee can sell investments and buy others.
Answered on 7/22/07, 7:15 pm
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