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An indivisdual owes me money. He also owes two other individuals. Rather than pay us he is setting up a trust. I am trying to find out if this trust that he is just now setting up be garnished so that I can get my money back.
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∙ 16y ago
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Are you an executor to a will for ever?
Depends on the case. In the irrevocable trust or a trust after the person dies neither are revocable. If the executor doesnt act properly they can be removed by a judge. Once all of the funds are giving out of the will there is no longer a executor.
What is the plural of trust funds?
Trust Funds, is the plural of trust fund. "Trust funds" is already plural.
Can federal work study income be garnished?
No. Federal work study funds are for educational expenses only and cannot be garnished.
Is there a minimum for garnished funds to be returned when a bankruptcy is filed?
Garnished funds will NOT be returned to you. If it was a significant amount, the bk Trustee can claw back that money and use it to pay your creditors. Otherwise, that money is gone.
Can your home be garnished if jointly owned by your wife?
A home cannot be garnished. Your wages or bank account could be garnished. Your home would be liened. Whether or not a lien can be placed depends on who is seeking funds from you and why.
Does the state of Missouri allow Health Savings Account funds to be garnished?
yes
When do you get garnished child support check in mail?
Most garnished support is sent to a State disbursement unit. How quickly it's distributed depends on factors such as how quickly the employer or other payor of income forwards the garnished funds, the level of efficiency of the disbursement unit, whether there is an appeal pending in that matter, and whether the State is owed some of all of the garnished funds.
When do you receive garnished child support check?
Most garnished support is sent to a State disbursement unit. How quickly it's distributed depends on factors such as how quickly the employer or other payor of income forwards the garnished funds, the level of efficiency of the disbursement unit, whether there is an appeal pending in that matter, and whether the State is owed some of all of the garnished funds.
What is the meaning of 'trust' when referring to mutual funds?
Trust is entity that owns the mutual funds.
When will your garnishment funds be returned?
If they have been legally garnished (the garnishment was sanctioned by a court) then they will not be returned.
If funds need to be used that are in a trust how do you get the funds out?
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.
Can trust invest in mutual funds?
Whether or not a trust can invest in mutual funds depends on the type of trust and the provisions in the trust document that discuss trustee powers.
