How a Consumer Hired a Lawyer to Draft a Trust in Indiana
See real project results from ContractsCounsel's legal marketplace — this project was posted by a consumer in Indiana seeking help to draft a Trust. The client received 2 lawyer proposals with flat fee bids ranging from $3,000 to $7,500.
Draft
Trust
Indiana
Personal
-
Less than a week
$3,000 - $7,500 (Flat fee)
2 bids
How much does it cost to Draft a Trust in Indiana?
For this project, the client received 2 proposals from lawyers to draft a Trust in Indiana, with flat fee bids ranging from $3,000 to $7,500 on a flat fee. Pricing may vary based on the complexity of the legal terms, the type of service requested, and the required turnaround time.Project Description
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Trust
Florida
Can a trust be modified to remove a beneficiary?
I am the trustee of a family trust, and one of the beneficiaries has engaged in behavior that is detrimental to the trust and its purpose, including misusing trust assets and refusing to cooperate with other beneficiaries. I am concerned about the negative impact this beneficiary's actions are having on the trust, and I would like to know if it is possible to modify the trust to remove this beneficiary and distribute their share to the remaining beneficiaries.
Tanasia T.
As the Trustee, you have a fiduciary responsibility to manage and protect trust assets, so it is good on you that you are wanting to take action. However, what you are able to do largely depends on the type of trust (revocable or irrevocable) and the explicit terms of the trust. Generally, a revocable trust may be modified by the settlor at any time. So, if you are the trustee and also the settlor, you have the inherent authority to make modifications to the beneficiaries. If it is an irrevocable trust, it may be modified with the consent of all parties (beneficiaries including the beneficiary that you want removed) or by order of the Court.
Trust
Massachusetts
How can I set up a trust to protect my assets?
I am a business owner and have accumulated significant assets over the years. With the increasing risks and uncertainties in the business world, I am concerned about protecting my assets from potential lawsuits, creditors, and other unforeseen circumstances. I have heard that setting up a trust can provide a level of asset protection, but I am unsure about the process and the different types of trusts available. I would like to consult with a lawyer to understand how I can establish a trust that safeguards my assets while still allowing me to have control and access to them.
Joseph M.
There are numerous forms of Trust that are available depending on the specific assets and your unique goals. Generally speaking, the two main types of trusts are Revocable and Irrevocable. WIth a Revocable Trust, just like it sounds, as trustee you can remove the assets at some point if you so chose, but if you are to pass away or become incapacitated at some point, it reverts to being Irrevocable. An Irrevocable Trust is one in which the grantor transfers all ownership interests to the Trust itself and this act is irreversible. As I am sure you guessed, there are a myriad of ways that your goals can be achieved and I would be happy to provide a free consultation to discuss your situation and possible solutions.