Zigner
Well-Known Member
1) This thread is considered old. Please don't post to old threads.A trust agreement is a lawful certificate that permits the trustor to shift the holding of properties to the trustee to be released for the trustor's inheritor.
Declaration of trust is an event of any trustee terminating to be a Trustee because of resignation, death, and mental or physical incapacity. The remaining trustees shall have the capability to nominate another person in his place as trustee, and on such selection, all the Trust Fund will place in him along with other trustees.
2) You're wrong. Your first point is correct in certain instances and your second point's initial statement is just flat out wrong.