Brian Kristopher Jones’s Answers

Brian Kristopher Jones

Chicago Estate Planning Attorney.

Contributor Level 3
  1. I need an opinion letter from an attorney to review a trust which was set up 15 years ago...i am purchasing a new home in trust

    Answered 8 months ago.

    1. Brian Kristopher Jones
    2. Alan James Brinkmeier
    3. John P Corrigan
    4. Curt William Ferguson
    4 lawyer answers

    Generally, the lender will provide specifics they'll want addressed. Typically, the letter will read something like this: "Dear Ladies and Gentlemen: With regard to the above-referenced trust, I attest to the following: l. The Trust was validly created and is duly existing under applicable (STATE) law; 2. The Trust is (revocable/irrevocable) ; 3. _________________ is the grantor and beneficiary of the Trust; 4. The Trust assets may be used for...

    5 lawyers agreed with this answer

  2. How do I legally revoke a living trust that was prepared while I was married to my now-ex-spouse? Can I replace it with a will?

    Answered 6 months ago.

    1. Brian Kristopher Jones
    2. Justin M Bougher
    3. Michael Leo Potter
    4. Dennis M Astill
    4 lawyer answers

    A living trust will normally state something along the lines of, "I reserve the right to amend or revoke this document during my lifetime in a writing delivered to the Trustee ..." or something similar. Among other options, you may (a) amend and restate your trust document (keeping the original form, but changing its terms) ; or (b) revoke your trust (leaving you with no current estate plan). If you revoke your trust, you'll likely want to put something else in place promptly, so you do not...

    4 lawyers agreed with this answer

  3. How do I revoke a living trust?

    Answered 6 months ago.

    1. Judith Anne Schening
    2. Brian Kristopher Jones
    3. Brendan Bybee
    4. Dennis M Astill
    4 lawyer answers

    A living trust will normally state something along the lines of, "I reserve the right to amend or revoke this document during my lifetime in a writing delivered to the Trustee ..." or something similar. Among other options, you may (a) amend and restate your trust document (keeping the original form, but changing its terms) ; or (b) revoke your trust (leaving you with no current estate plan). If you revoke your trust, you'll likely want to put something else in place promptly, so you do not die...

    2 lawyers agreed with this answer

    1 person marked this answer as helpful