2013年4月19日 · The lender is asking your lawyer (or an attorney) to review the trust and state that you (or the person acting as trustee) have the authority and ability to bind the trust when you sign the re-fi documents; the opinion letter should also state who the trust's beneficiaries are and whether the trustee may only act at the direction of those beneficiaries.

2013年5月19日 · An opinion letter for an attorney creates an extra layer of liability for an attorney so no lawyer does this work for free knowing the risks. With that being said, ti would probably be something that would take a lawyer about 2-4 hours plus a premium for giving a formal opinion letter. I would say about $2,000-$4,000 depending on the lawyer.

2014年4月23日 · I need an opinion letter from an attorney to review a trust which was set up 15 years ago...i am purchasing a new home in trust My lender states this is a new Fannie Mae requirement. Questions such as verification the trustee is borrower, trustee is the settlor, trust assets can be used as collateral for the loan etc need to be addressed

2016年12月21日 · Usually a lawyer giving an opinion letter in the context of a corporate transaction or loan will do all of the legal work associated with the transaction. It would be rare for an attorney to only prepare an opinion letter on a transaction for which he or she did not participate directly in the preparation of the underlying documents.

2023年5月5日 · I am processing a reverse mortgage and the lender is requesting an attorney opinion letter that certifies the trust remained revocable and was not split into two trusts after the wife passed. The borrower can't locate the attorney who created the trust as it was created over 20 years ago. Please advise asap.

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2014年2月8日 · Generally, a power of attorney is ineffective with respect to trust assets unless the power of attorney specifically grants you the authority to transact business on behalf of the trust estate. The brokerage probably wants a letter confirming that either the trust, the POA, or both, authorize you to be involved despite the assets now being ...

My closest competition only has their attorney opinion letter and has very publicly been in business for 4 years. I want to get the opinion first and then go for an SEC No Action letter and want to know what that/ both should cost.

2009年2月9日 · The lender wants to be able to rely on your attorney's legal opinion, so that the lender can reduce its potential liability if the trust entity is invalid or improper. Unfortunately, there's no standard form of a Legal Opinion Letter that a non-attorney can prepare, revise or sign.