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No, because the Allah the Almighty is the powerful and He creat the Humans
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A trust gives what?
great power to some ppl
What powers does an executor of an irrevocable trust have?
The power to execute the will of the Grantor for the uses and purposes and on the terms and conditions set forth within the Trust itself.
What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
What are the disadvantages to an irrevocable trust?
Irrevocable trusts are extremely complex. The trust must be drafted by an attorney who specializes in trust law and estate planning in your state. Errors made in the drafting of trusts can be extremely costly if the trust is later found to be invalid and the estate of the grantor must be probated. It is quite common to find invalid trusts drafted by general practice attorneys and also attorneys who do advertise a specialty in trust law. You have to be careful to choose one with a good reputation and the legal fees may be high. Once your property has been transferred to the trust, for consideration, the transfer is permanent. Your own control over your property is lost and you cannot get your property back. An irrevocable trust requires an annual accounting and may require the filing of a tax return. There may be fees due to the trustee.
What is the difference between an irrevocable trust and a living trust?
Provisions of a living trust remain valid as long as you stay alive, but the benefactors of your estate are not bound by these provisions once you have died. An irrevocable trust binds the benefactors of your estate to the trust's provisions.
Do you own your own money?
You can own it, but that does not necessarily give you power over it. It may be in trust until you reach a certain age (for instance in a bank trust account or in an inheritance).
Why Are safeguards needed in trust accounting?
Because a trustee has sweeping power over the trust property and a dishonest trustee could convert the trust assets to their own use quite easily. Beneficiaries should always insist on a regular accounting.Because a trustee has sweeping power over the trust property and a dishonest trustee could convert the trust assets to their own use quite easily. Beneficiaries should always insist on a regular accounting.Because a trustee has sweeping power over the trust property and a dishonest trustee could convert the trust assets to their own use quite easily. Beneficiaries should always insist on a regular accounting.Because a trustee has sweeping power over the trust property and a dishonest trustee could convert the trust assets to their own use quite easily. Beneficiaries should always insist on a regular accounting.
Can you make changes in your beneficiaries in your own trust in California?
If it is revocable, yes. If not, no. Exception: if you retained a power of appointment in the trust agreement, you may be able to change the beneficiaries to anyone included in the class of people described in the power of appointment.
Can a co trustee buy quit claim property from trust and transfer into own personal trust?
First, a trustee is the trustee of a TRUST. The house may be trust property. The powers of a trustee are set forth in the trust document. If the house is owned by the trust and the trustee has the power to sell real estate then yes, a trustee can convey the house.
Can a step aunt revoke the trust my uncle set up after he died?
The step-aunt cannot make any changes to your uncle's trust unless she was given that power IN the trust document. You need to review the document that created the trust to determine who is the named trustee and what powers they have in dealing with the trust property. Perhaps you should have the trust reviewed by your own attorney.
Can a minor own stock?
A trust for a minor can own stock, but a minor cannot. Someone can own an account or stock in trust for the minor.
Does the settlor own the property in a trust?
No. The property is owned by the trust and managed for the trust by the trustee.
What powers does a trustee have over a non-trustee of a irrevocable trust?
The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.The trustee of the trust has all the power and authority to act for the trust. Their duties and powers are set forth in the instrument that created the trust. Their only power over the beneficiaries are those set forth in the trust.A non-trustee (beneficiary) has no power regarding the operation of the trust unless they were given specific powers in the trust instrument such as the power to appoint a new trustee. The beneficiaries also have the power to file a complaint in court if the trustee fails to perform their responsibilities appropriately.
Can a Trust file its own taxes or must the income be included in the Trustees taxes?
The trust files its own tax return.
Can a power of attorney break a trust?
The will depend on the rights granted to the power of attorney. And the type of trust will affect the ability as well.
What kind of force is the trust of a rocket?
i think i answered my own question : trust
What does trust thyself mean?
"Trust thyself" means to have confidence in your own judgment, beliefs, and decisions. It encourages you to rely on your own thoughts and instincts, and to trust that you have the ability to make the right choices for yourself.
