Monday, 23 March 2015

if a property that is the subject of a lawsuit is in trust should they trust be sued or the trustee

Question

if a property that is the subject of a lawsuit is in trust should they trust be sued or the trustee



Answer

Depends on the reason for the lawsuit.



Answer

Mr. Jordan is right. It depends on whether the trust has been established as a legal entity, which many irrevocable trusts are with their own TIN, or if the trust is inchoate in which case you name the trustee by name "as trustee for the [name of trust]."



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