QUESTION
Can a irrevocable deed of trust be taken away without the person's permission or knowledge?
Asked on May 01st, 2014 on Estate Planning - California
3 ANSWERS
Edwin K. Niles
What do you mean by that term? We usually see a deed of trust (trust deed) or an irrevocable trust (rare). Two different animals.
Answered on May 01st, 2014 at 7:41 PM
Trusts Attorney serving Sacramento, CA
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Law Office of Victor Waid
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Deeds of Trust are not irrevocable. They are generally used in a real estate transaction as a security instrument for a loan, the purpose being if the loan is not paid, then the deed of trust can be foreclosed and the lender take the property.
Answered on May 01st, 2014 at 11:51 AM
2 Awards
Not likely based on the term "irrevocable". That said, I have never heard of an irrevocable "deed of trust". A deed of trust is a loan document.
Answered on May 01st, 2014 at 10:43 AM