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A trust gives

Updated: 9/19/2023
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12y ago

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Great power to few people.

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Q: A trust gives
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Who owns the assets in a trust?

The trust owns the trust property and that property is managed by a trustee who carries out the provisions of the trust.


Can you have a trust and file for bankruptcy?

You can have a trust and file for bankruptcy but the more important question is whether you should given what is in the trust, who transferred the assets into the trust and who is a beneficiary of the trust. If you have set up a trust and have irrevocably transferred all of your interest to assets to the trust then there may be questions of whether the transfers were proper and allowable under bankruptcy law. If you are a beneficiary of a trust the question becomes whether your beneficial interest in the trust is protected when you file for bankruptcy. This will depend on reviewing the facts of how the trust and reviewing the trust documents.


Definition and function of unit trust?

is an investment fund established under a trust deed whereby the trust sells units in the in the trust to investors.


Can one lose trust income if they remarry?

You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.


Is a beneficiary of a trust responsible for trust expenses?

You need to examine the trust instrument for any provisions that may address your question but generally the trust pays trust expenses. Those expenses should come out of the trust funds before the beneficiary is paid. You need to review the document that created the trust is order to determine what the provision are, how the trust is managed and the powers of the trustee.

Related questions

A trust gives what?

great power to some ppl


Who gives you Trust Points?

Other registered contributors who like your contributions and think they are helpful. You are unable to find out who gives you the Trust Points, unless they message you to say so.


A trust gives what to a person?

Great power to a few people


Can you find out who gives you trust points?

Unfortunately, no. Unless the user messages you and tells you that they've given you a trust point.


What is the daily reccomended intake of fruit?

not to much it gives you the skits in no trust me


What is best friend quality?

Trust can be said as one of the quality of best friend. Trust and loyalty combined gives the extend of friendship.


What if he hangs out with other girl's?

Don't be jealous and trust him unless he gives you a reason not to.


Is there a simple way to to change a trustee of a land trust in KY if the land trust gives authority to the beneficiaries and I am the only beneficiary?

You must look to the trust document to determine how you make a change in the trustee. You must follow the provisions in the trust.


How do you get lots of trust points?

You answer lots of questions. You must also make sure your answers are accurate and detailed so the viewer actually gives you trust.


Is there a site to get a free lap top?

Never trust a website that gives out free stuff.


What does dysentary effect?

dysentary is all about your health trust me!


How do you know if you get a trust point?

You do not specifically receive an alert when someone gives you a trust point. However, you can see how many trust points you have if you look on your bio page, in the Stats box on the top-right of the page.