If a co-trustee of a living trust refuses to properly maintain property is he in breach of the trust?
My stock-coop apartment is in a living trust. The homeowners assoc. need to borrow money on the building to make repairs to keep the building up to local code.
Mu co-trustee is refusing to sign for the loan.
I will sign or the building could be fined and condemed eventually. My unit is worth 5 million dollars!
Answers:
Not enough info to give you a definitive answer, but if you own a unit worth $5 Mil, you can certainly afford a lawyer.
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