Entity Basics

by Ryan Fowler

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{ 2 comments… read them below or add one }

1 Olga Strate February 10, 2012 at 8:43 am

Should a Settlor resign their position from the trust,
would the absence of a Settlor create a negative consequence to the stability of the trust?

2 Rob Lambert February 10, 2012 at 5:18 pm

In a properly done asset protection trust the settlor will never resign. In fact, in most trusts, the Settlor cannot resign. It is one way for the Settlor (who is usually my client) to maintain some control and there are many negative consequences which can result if the Settlor resigns or were to be removed from the position of Settlor.