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Do beneficiaries have the right to know the selling price of a property before the Trustees complete the sale?
Wiki User
∙ 12y ago
The trustee has the authority to act on behalf of the trust according to the provisions set forth in the trust. Many trusts require the approval of the beneficiaries prior to any action by the trustee. Many do not. You need to review the provisions of your particular trust to determine the answer in your case.
The trustee has the authority to act on behalf of the trust according to the provisions set forth in the trust. Many trusts require the approval of the beneficiaries prior to any action by the trustee. Many do not. You need to review the provisions of your particular trust to determine the answer in your case.
The trustee has the authority to act on behalf of the trust according to the provisions set forth in the trust. Many trusts require the approval of the beneficiaries prior to any action by the trustee. Many do not. You need to review the provisions of your particular trust to determine the answer in your case.
The trustee has the authority to act on behalf of the trust according to the provisions set forth in the trust. Many trusts require the approval of the beneficiaries prior to any action by the trustee. Many do not. You need to review the provisions of your particular trust to determine the answer in your case.
Wiki User
∙ 12y ago
Wiki User
∙ 12y agoThe trustee has the authority to act on behalf of the trust according to the provisions set forth in the trust. Many trusts require the approval of the beneficiaries prior to any action by the trustee. Many do not. You need to review the provisions of your particular trust to determine the answer in your case.
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Do irrevocable trust trustees need to provide notice to beneficiaries when selling real property or dividing trust?
You need to review the provisions of any particular trust in order to find your answer. Each trust is managed according to the provisions chosen by the person who created the trust. Many trustees can only act at the direction of the beneficiaries. You need to look for that language in each trust document.
Can estate be settled if property hasn't sold?
It is possible to settle an estate without selling property. As long as the distribution is approved by the court, the property can be transferred to the beneficiaries.
Is there a law preventing an executor from selling property if the beneficiaries do not agree with the sale?
There is no such law. The executor has the power, from the court, to settle the estate.
Can a real estate agent who is selling a property be the owner of the property?
Yes in many cases they are the owner of the property which they are selling.
Selling property with Trustee on deed?
This might indicate that at least part of the ownership was held in trust, and the trustee represents the trust. One or more authorized trustees of the trust must sign the deed or authorize someone else to sign with a proper power of attorney.
Can executor sell trust property in Florida law?
In Florida, an executor does not have the authority to sell trust property. This responsibility falls to the trustee, who must follow the terms of the trust and state laws when selling trust assets. It is important for the trustee to act in the best interest of the beneficiaries and seek legal advice if unsure of how to proceed.
What are the requirements for selling property in Australia?
Legal Property Documents and Property Valuation are general requirements for selling property in Australia. These two things are very important for the buyer who want to buy any house.
What is real property selling price?
Real property prices will vary depending on many factors such as location, size, and condition of the property. The selling price could be thousands to millions of dollars.
What has the author Steve Berges written?
Steve Berges has written: 'The Complete Guide to Investing in Undervalued Properties' -- subject(s): Business, Nonfiction, OverDrive 'The complete guide to buying and selling apartment buildings' -- subject(s): Apartment houses, Business, Nonfiction, OverDrive, Purchasing, Real estate investment, Residential real estate 'The complete guide to investing in foreclosures' -- subject(s): Government sale of real property, Foreclosure, Real property, Real estate investment, Purchasing, Finance 'The Complete Guide to Real Estate Finance for Investment Properties' -- subject(s): OverDrive, Business, Nonfiction 'For sale by owner' -- subject(s): House selling, Real property
How do you complete quest 26 on Howrse?
You can complete objective 26 on howrse by selling stuff at the store, entering your horse in competitions, and selling horses.
May a foreigners be arrested in Philippines for selling a property that is not his owned property?
It is a crime and they could be arrested.
What does dealing in stolen property mean?
Someone is dealing in stolen property by buying or selling property they know to have been obtained unlawfully.
