When does a trust take effect?
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When does a trust take effect?
Does it take effect once the papers are signed? Not until it is filed with the court?
Thank you I know it is likely a dumb question
Asked on February 9, 2018 under Estate Planning, New York
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
The effective date of the Trust is the date it is signed unless there is a provision in the Trust for an effective date sometime after it has been signed.
The Trust does not have to be filed with the court to become effective.
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