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Can a Government Bond Keep a Trust Safe from A Trustee using Moneys?
Wiki User
∙ 13y ago
The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.
The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.
The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.
The trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.
Wiki User
∙ 13y ago
Wiki User
∙ 13y agoThe trustee would still have control over the government bond and could make changes depending on the type of bond. Also, if a bond reaches maturity it will be paid over to the trustee. Remember that the trustee of a trust holds legal title to and has control over all the assets of a trust.
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Will the title be on your name using a deed of trust?
When land is transferred to a trust the grantee is the trustee of the trust. For example, suppose the Murphys decided to execute a trust naming their daughter Elizabeth as the trustee. If they wish to transfer their home to the trust they would need to convey it to Elizabeth Murphy as Trustee of the Murphy Family Trust.
What do you do if a sibling is trustee of a living trust and you feel he may be using funds from the trust for his own use in California?
If possible you should discuss the situation with the trustor and ask to have the trustee removed. If that's not possible you could start by asking for an accounting by the trustee. You have an equitable interest in the trust property and the trustee is responsible while he is in charge. If you suspect that the trustee is borrowing against the trust, take him to court. Court's do not look favorably on self-dealing by a trustee and can remove the trustee if it finds the trustee is violating the trust. As a fiduciary the trustee is bound to do nothing that compromises anyone's rights under the trust. As a fiduciary the trustee has the obligation to grow the assets of the trust rather than waste them. If the trustee is making unsecured, no-interest loans to himself he is not making prudent decisions on behalf of the trust.
Can I file a quick claim on a deed in trust?
You can transfer your real property to the trustee of a trust using a quitclaim deed.
In an irrevocable trust if the trustee breached her fiduciary duties and was stealing out the trust is that grounds for the grantor to change the trust?
Yes, if the trustee breached their fiduciary duties and was stealing from the trust, the grantor may have grounds to amend or revoke the trust. In such cases, the grantor should seek legal advice to understand their options and the potential consequences of making changes to the trust.
How do you put money that is your own in a bank account without using your own name?
You can put it into a trust account owned by an attorney; you can set up a trust of your own and open an account in the name of the trust, with a trustee's name; you can use the money to capitalize a new corporation of which you're the only shareholder and then deposit the money in the corporate account, among other ways.
You buy a house using a trust deed am named the trustor trustee beneficiary while you are alive with the largest of interest in AZI did not name your wifeWhy did you do this and is your wife an owner?
In many states a trust that names the trustor, trustee and beneficiary as the same person would fail as a trust. The trust would fail under federal tax laws. The property that was transferred to the trust actually remains the property of the trustee as an individual and is exposed to creditors and the laws of intestacy if the owner dies. In the scenerio set forth above the wife is not an owner but she would inherit an interest in the property if the owner died. For example. If Jack has land conveyed to himself as a trustee of a trust of which he is the trustor and the beneficiary there has been no trust created and Jack owns the property in his own name as an individual. If he died the property would pass to his heirs at law according to the state laws of intestacy. Trust law is extremely complicated and largely due to "free" information available on the internet there has been an abundance of flawed trusts used to hold title to real estate. Those mistakes can be very costly to correct. You need to have this situation reviewed by an attorney who specializes in trusts ASAP.
Why would the grantor of an irrevocable trust want the trustee to use the US Treasury bonds or notes to be used for the payment of estate expenses before using other assets of the trust?
In most cases, for financial reasons. Bonds used in this way get beneficial tax treatment. Many people bought them just for this purpose.
How did government try to control big businesses?
the sherman antitrust act (1890) was supposed to stop businesses from using trust to destroy competition.
A sentence using the words trust?
i trust you with my heart
How do you tell someone is using you?
if it feels like they are using you, they are...trust your gut!
Can you make a sentence using the word trust?
no
What are common sayings using the word trust?
In God we trust.....all others pay cash. Trust in God and keep your powder dry.
