Does the state have access to a trust fund in prisoners name?
The state of California dept of Corrections DOES NOT have access to a prisoners trust fund. A trust fund is exempt.
5 people found this useful
Irrevocable Trust Funds . The short answer is NO, no way, no how, not a chance. The long answer is how long ago was the irrevocable trust fund set up? And did the person se…tting it up know a lawsuit was on the way? In other words, does it look to a judge that money was purposely put in an irrevocable trust fund in order to avoid garnishment? If it was set up 12 or more months ago, it's as safe as money can be. If the whole thing looks suspicious, a judge could garnish but this almost NEVER EVER happens. There is one other issue, is it child support that would be the garnish? If so, I think a judge might ignore the fact that it's irrevocable. The courts always put an innocent child first so if it's unpaid support, it could be at risk. I have a few different irrevocable funds left by my dad. I was able to change the trustee (the person in charge of distributing the $$ in the fund to me because I was a minor) on one of them but only because that person agreed to step down. He was in prison for the felony of embezzling money..... FROM ME, and I still needed him to step down.
A "blind trust" is payable whenever the terms of the trust say it is payable. A "blind trust" has no features that are different than any other trust except for the fact that …the beneficiaries are not allowed to see where the trust assets are invested or influence how they should be invested.
Property that will become trust property must be transferred by the legal owner to the trust. Bank accounts can be reopened in the name of the trust and its trustee. Real prop…erty must be transferred by deed from the the record owner to the trustee of the trust. Since a trustee is the agent with the power to act for the trust, real property transfers should be made to the trustee. For example, a deed should recite the grantee in this form: Julia Roberts, as Trustee of the Pretty Woman Realty Trust dated \n3/23/1990. \n. \nSince the trustee will have full power to control the trust property it is essential to choose a trustee whom you have deemed to be completely "trustworthy".
\n. \nwho wants to know i need some verifaction or a number i can contact you
Funds that are held in trust are under the complete control of the trustee. The provisions of the trust dictate how the trustee will manage those funds. You need to review the… terms of the trust with the trustee and determine how and if the funds can be accessed. If the terms of the trust are insufficient or there is no provision under which the trust property can be accessed then a court of equity has the power to modify the trust. You may need to seek the advice of an attorney who is familiar with trust law in your state.
California Bank & Trust
Yes, such facilities are built, operated, and supported by your tax money.
Yes he does
If a trust fund has been established in your name is there a way to sign over your rights and not accept it?
not until age 21
You cannot get access to a trust fund. A trust is managed by a trustee and the trustee is the only person with the authority to access the trust property. The trustee must man…age the trust according to the provisions set forth in the trust document. If you are a beneficiary of the trust you should ask the trustee for a copy so that you can review the terms.
In Human Rights
I think you can do this by claiming back sovereignty and releasing your unlimited "pot" of trust credit. This can then be used to discharge notices, bills and other commercial… requests and offers.
In Business & Finance
It depends on the state law, ranging from age 18-21. However, even an under-age person can always challenge it in court.
In Law & Legal Issues
You need to review the provisions of the trust to determine how it operates.
I recently received a trust fund and found my mother had spent half the trust assets on her new house and put the other half in a mutal fund in her name what are my rights?
You need to consult with an attorney ASAP and sue your mother if she converted the trust property to her own use without the authority to do so. You need to consult with an a…ttorney ASAP and sue your mother if she converted the trust property to her own use without the authority to do so. You need to consult with an attorney ASAP and sue your mother if she converted the trust property to her own use without the authority to do so. You need to consult with an attorney ASAP and sue your mother if she converted the trust property to her own use without the authority to do so.
my brother is the is in charge of my parents irrevocable will of trust can he remove me