Legal Question in Investment Law in Oregon

I have a friend whose parent died and left them a trust fund, with which one of the trustees purchased a vehicle that is "in their name." Is the vehicle actually in their name? Or is it Trust Property? And what can my friend (Who is 20, by the way. I don't know what this means in terms of their Trust Fund issue, but I felt it was important to add) do to make the vehicle become their property? (For the record, I chose "Investment law" for the category because I didn't know which category of law this actually falls under.)


Asked on 6/06/13, 3:03 pm

1 Answer from Attorneys
Daniel Meek Daniel W. Meek

Sounds very suspicious. Why would a trustee use trust funds to buy a vehicle? How does the vehicle help your friend, the beneficiary of the trust. And all purchases by the trust should be identified as owned by the trust, not by the trustee.

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Answered on 6/06/13, 3:43 pm


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