QUESTION
Can my grandparents add me to their living revokable trust as a beneficiary and trustee?
Asked on Jun 23rd, 2020 on Estate Planning - Nevada
More details to this question:
I am drafting my grandparents trust, power of attorney, and living will. I have informed them I cannot be included as a beneficiary or trustee in the trust as it is a conflict of interest and is not allowed under Nevada state law. Is it possible for them to add me as a trustee and beneficiary with an amendment after I have drafted the original trust or is there still a conflict?
1 ANSWER
2 Awards
If you are drafting these documents, you should be a lawyer licensed in Nevada and should know the answer to your question. The law governing trusts, powers of attorney and wills varies from state to state. This is not a DIY project, even with some form downloaded from the internet.
Answered on Jun 24th, 2020 at 5:08 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.