Welcome! Please use the navigational links to explore our website.
PartsASAP LogoCompany Logo (800) 853-2651

Shop Now

   Allis Chalmers Case Farmall IH Ford 8N,9N,2N Ford
   Ferguson John Deere Massey Ferguson Minn. Moline Oliver
 
Marketplace
Classified Ads
Photo Ads
Tractor Parts
Salvage

Community
Discussion Forums
Project Journals
Your Stories
Events Calendar
Hauling Schedule

Galleries
Tractor Photos
Implement Photos
Vintage Photos
Help Identify
Parts & Pieces
Stuck & Troubled
Vintage Ads
Community Album
Photo Ad Archives

Research & Info
Articles
Tractor Registry
Tip of the Day
Safety Cartoons
Tractor Values
Serial Numbers
Tune-Up Guide
Paint Codes
List Prices
Production Nbrs
Tune-Up Specs
Torque Values
3-Point Specs
Glossary

Miscellaneous
Tractor Games
Just For Kids
Virtual Show
Museum Guide
Memorial Page
Feedback Form

Yesterday's Tractors Facebook Page

  
Tractor Talk Discussion Board

JohnT?


[ Expand ] [ View Replies ] [ Add a Reply ] [ Return to Forum ]

Posted by Geo-TH,In on February 10, 2015 at 12:32:25 from (184.16.165.4):

JohnT, How is the Florida sunshine?

I have a question about Revocable living trust and Trustee deed.

Farmer in Indiana sets up a Revocable living trust in 2003. It was done by the book, lawyer, recorded.

A year before the Farmer dies, a change to the real estate was made at the recorders office showing a change in ownership to a Trustee deed, which I'm thinking may commonly be called a Living trust. Where after death, the other person on the deed is shown as the owner with a death certificate, no probate. So far, am I right?

It clearly states in the Rev living trust, the owner who is also the trustee of the Rev living trust may, at any time, make changes in part or in whole to the Rev Living trust. However it must go through the same process, a lawyer must do the paper work, signed, notarized, recorded. Does this seem right so far? Can the owner, the trustee of his trust, short cut the process, not use a lawyer, then set up a trustee deed on property?

Then scribble out a will, not drawn up by a lawyer, giving all the cash assets to just one person.

There is no mention of the Farmers tractors, equipment, anything, in the will or rev living turst.

Basically, can the trustee, while alive, ignore his own rev living trust without the aid of a lawyer?

I have encouraged the other family members to see a lawyer, which they will shortly.

Have fun in Florida.
George


Replies:




Add a Reply!
You must be Logged In to Post


:
:
:

:

:

:

:

:

:

Advanced Posting Options

: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.



 
Advanced Posting Tools
  Upload Photo  Select Gallery Photo  Attach Serial No List 
Return to Post 

TRACTOR PARTS TRACTOR MANUALS
We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]

Home  |  Forums


Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo ... [Read Article]

Latest Ad: 1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952 [More Ads]

Copyright © 1997-2024 Yesterday's Tractor Co.

All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy

TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.

Yesterday's Tractors - Antique Tractor Headquarters

Website Accessibility Policy