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You may need to seek the advice of your tax attorney, the trust attorney or other advisor for the answer you seek.
The clear answer is yes, if the special needs trust is the titled owner of the real estate that is subject to the assessment.
Wiki User
∙ 10y ago
Yes, a special needs trust can pay for its own HOA fees in California. As long as the payment is considered a necessary expense for the beneficiary's housing, it is permissible to use trust funds to cover HOA fees. However, it is recommended to consult with an attorney familiar with special needs trusts to ensure compliance with all legal requirements.
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Can a trust fund be used to pay for the child's school fees?
You need to review the provisions of the trust to determine how the funds can be used. Generally, a trust set up for a child allows expenditures related to educational needs.
What are the New York state stuatory trustee fees?
Irrevocble Trust
What is bayly trust?
Bayly trust assists children towards their tution fees thus helps them make their dreams come true,
What are some fees for a Burger King?
109.99 for a connie special.
Should slotting fees be outlawed?
Slotting fees is the fees that are charged to the suppliers for selling the products of a particular company. This creates a barrier to entry for small businesses who are unable to pay that fees and needs to be outlawed.
Will set up a trust but trust was not funded can the executor raid the estate to fund fees for himself as trustee?
No, he cannot. The offices of testamentary trustee and exutor are separate and distinct from one another even if the same person is to serve as both. Compensation for a trustee comes out of the funds in the trust for work done by the trustee on behalf of the trust. If the trust is unfunded, there are no assets out of which to pay fees to the trustee. Also, if the trust is unfunded then the trustee has done nothing to earn any trustee fees. Compensation of trustees and executors is governed by state laws, so it is important to check the laws of the state of probate for the details.
Are outstanding attorney fees dischargeable?
AnswerAttorneys fees do not receive any special treatment and are dischargeable in bankruptcy. They may receive special treatment where they were awarded as part of a divorce or separation agreement. If the attorneys fees are found to be in the nature of a support obligation then they will not be discharged as part of the bankruptcy.
What is the maximum amount you can put into a living trust?
In the United States, there is no legal limit to the amount one may contribute to a living trust. However, there are costly fees associated with the administration of a living trust.
In a New Jersey Irrevocable Trust what guidelines exist regarding permissible Trustee fees In a Trust with say 1000000 of assets can the Trustee justify annual fees of 100000 Thanks.?
As with any trust, unless there is specific language in the trust concerning limiting fees, you can charge just about anything that you can justify. The only concerns are: 1. Will any "interested party" object to your fees. 2. Is your justification realistic and really justified. 3. Do you think a judge/court would agree with your position. Unfortunately, in many trusts, it all comes down to who is looking, who has the money and time to challenge the trustee, and how honest is the trustee.
In an irrevocable trust is the trustee authorized to use trust funds for legal fees or defense fees associated with operating that trust?
Typically, the answer is yes. The final answer in each case, however, is dependent upon (a) what the terms of the trust agreement provide, and(b) the applicable state law. In addition, the amount of compensation paid from the trust for legal services sometimes is limited by state law or the terms of the trust to "reasonable compensation", which also is a term of art that varies from jurisdiction to jurisdiction. A reasonable attorney fee charged in New York City may not be reasonable if charged in El Paso. Finally, a trustee who is found to have violated its fiduciary duties may be required in some instances to reimburse the trust for legal fees paid from the trust in defense of such violation.
Where might one find out more information about remortgage fees?
Information on remortgage fees can be found on TD Canada Trust Mortgage Options, CMHC, FCAC-ACFC Mortgage Help, CIBC Mortgages and Lloyd's TSB Mortgage Fees.
Are dogs from dogs trust free?
No. Dogs Trust usually asks for between £60-£80 when you adopt a dog. This is usually to cover part of the fees incurred when they are looking after a dog. EG, vet fees, food.... But in my opinion, £60-£80 is nothing to know that the dog has been looked after by Dogs Trust and knowing that there are no problems with the dog that you won't know about.
