answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can judgment be put against a beneficiary in a trust?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Law

If you are a beneficiary to a deceased parents estate and your sister is executor is there a way she can keep your portion from you?

No. She is legally bound to follow what the will says. If, however you are a minor - she may put your share in a trust until you are of legal age. She cannot keep it for herself or give it to anyone else.


How do you get an outstanding judgment placed on someone's credit report?

To get an outstanding judgment placed on someone's credit report, you would need to first obtain a court judgment against the individual and then typically file a separate request with the credit bureaus to have it added to their credit report. This can negatively impact their credit score and make it more difficult for them to secure loans or credit in the future.


How do you get a judgment put on someone's credit report?

To have a judgment placed on someone's credit report, you need to first obtain a court judgment against them for a debt owed. You can then request that the credit bureaus add the judgment to the individual's credit report. The credit bureaus will typically verify the information with the court before including it on the report.


If you have a judgment and after 7 years it's off your credit does that mean that the creditor can't put a lien on any of your property?

The expiration of the judgment on your credit report does not necessarily prevent the creditor from enforcing the judgment by placing a lien on your property. You may need to check the laws in your state regarding the statute of limitations for enforcement of judgments. Additionally, the creditor may still pursue other legal avenues to collect the debt even if the judgment is no longer on your credit report.


What is a reinstatement of a Revocable Living Trust?

Reinstatement of a Living Trust occurs when the trust has been previously revoked or otherwise set aside or suspended by a probate court. Reinstatement means the trust is just that, reinstated, or put back into effect. This can be done by the creator of the trust or by a trustee under certaincircumstances or even by a judge.

Related questions

Can a collector put a lien on your house in California?

Yes, but only after they sue you and win a judgment against you.


What does a trust?

Allows one group to control many companiesA trust is a legal vehicle whereby the legal title and the equitable title to the property comprising the trust res is split between a trustee and a beneficiary. The conveyance of property into a trust functions to put the trust res at arm's length from both the grantor and the beneficiary for various reasons, both legal and capricious.


Can siblings put a lien on a home that was inherited by a beneficiary deed?

AnswerYou haven't explained the reason for the lien. If the beneficiary owes the siblings any money and refused to pay they can sue in court for the debt and obtain a judgment lien on the property.


What happens if you find additional insurance policies where beneficary listed is absolutely excluded in trust?

In order to find a trust with life insurance proceeds the trust must be named as the beneficiary of the insurance policy. Then the trust documents specify what the funds are used for that are in the trust. If there are other life insurance policies that are still active and have other individuals named as the beneficiaries then the money from those policies cannot be placed into the trust and will be paid directly to the current beneficiary listed with the insurance company. The trust will have no claim whatsoever on these policies. It could be that these policies had their beneficiary changed when the trust was set up and the trust is the current beneficiary of them as well and he just didn't put the change form in the policy. Whatever is on record with the insurance company will be the person that the benefits are paid to no matter what.


What does trust do?

Allows one group to control many companiesA trust is a legal vehicle whereby the legal title and the equitable title to the property comprising the trust res is split between a trustee and a beneficiary. The conveyance of property into a trust functions to put the trust res at arm's length from both the grantor and the beneficiary for various reasons, both legal and capricious.


Can a credit card company put a lien against your property in North Carolina?

Yes, if they file suit and receive a judgment the creditor can execute the judgment as a lien against the debtor's property.


Can bank put a lien on home or judgment against you if car cannot be found?

yes


Can a credit card company put lien on your property in California?

Yes, if the lender sues the debtor and receives a judgment award, the judgment can be executed against personal or real property owned by the judgment debtor.


What is the results of having a judgment lien put against your home in Louisiana?

When you sell or refinance they get paid


If my car is repossesed can they take your home?

no they can't they can only put a judgment against you for what you owed left on it


Can you put your real property in the name of a minor as a trustee of a trust?

No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.No. You must have a trust drafted by an attorney who specializes in trust law. The minor will be named the beneficiary of the trust, an adult trustee will be named in the trust and the property should be transferred to that trustee to hold for the benefit of the child. A minor cannot serve as a trustee.


How do you put beneficiary in a sentence?

The child was the beneficiary of the old man's kindness.