- Jurisdiction
- California
My wife and I have a revocable living trusts. At the time we got it, instructions for titling accounts and property said to use the following wording:
I'm about to buy some I-Bonds on treasurydirect.gov. It looks like I can setup a trust account to buy the bonds into. In the instructions the one example they give with two trustees uses "or":
So do I use "and" or "or"? The instructions also say:
Which also raises the question as to whether I can act alone or not. It's a pretty vanilla revocable living trust for a married couple, but I don't see any wording that indicates that either of the trustees can act alone, but I also don't see wording indicating they have to act jointly.
JOHN DOE AND JANE DOE, trustees of the DOE REVOCABLE TRUST DATED OCTOBER 14, 2021
I'm about to buy some I-Bonds on treasurydirect.gov. It looks like I can setup a trust account to buy the bonds into. In the instructions the one example they give with two trustees uses "or":
John Doe or Sarah Jones, Trustees under Agreement with Jane Doe dated January 1, 2001
So do I use "and" or "or"? The instructions also say:
The entity account manager must certify that he or she has the authority to act alone on behalf of the trust with regard to the account.
Which also raises the question as to whether I can act alone or not. It's a pretty vanilla revocable living trust for a married couple, but I don't see any wording that indicates that either of the trustees can act alone, but I also don't see wording indicating they have to act jointly.