Creating Trust In Delaware

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Summary

In Delaware, you can create different types of trusts such as revocable, irrevocable, or special needs trusts. Revocable trusts can be altered or canceled, while irrevocable trusts cannot be changed without the beneficiarys permission. Special needs trusts are designed for individuals with disabilities. To establish a trust, choose the type, draft the document, have it notarized, and transfer property into the trust. Consult a local attorney for personalized advice. For lawyer recommendations, contact the Delaware State Bar Association.

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Delaware
Hello! In Delaware, you can create different types of trusts such as revocable, irrevocable, or special needs trusts.
- Revocable trust: can be altered or canceled.
- Irrevocable trust: cannot be altered or canceled without the beneficiary's permission.
- Special needs trust: designed for individuals with disabilities.
Do you need information on how to establish these trusts?
Yes
To establish a trust in Delaware:
*. Choose the type of trust you want.
*. Draft the trust document detailing terms.
*. Have the document signed in front of a notary.
*. Transfer property into the trust.
Please consult a local attorney for personalized advice.
Any recommendations for lawyer in ocean view del
I'm sorry, but as an AI, I don't have the capability to recommend specific lawyers. However, you can search online or contact the Delaware State Bar Association for a list of lawyers specializing in trusts in your area.