Q: If a house is included in the trust, can a trustee sell it because of fear of future possible lawsuits
The trustee fears that he could be personally held liable if someone is injured in the benificiary trust held home if the beneficiary decides to supplement income through air bnb.
A: The trust can purchase liability insurance for that.
A:
This really cannot be responded to without a review of the actual trust document. There are just too many unknowns which may or may not be resolved by the language of the trust.
You should take the actual trust document and any amendments to an attorney in your area who practices in the area of estates and trusts to have this situation properly evaluated. Most trusts allow the trustee to be paid out of the asset of the trust for attorney's fees incurred in administering the trust.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
