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yes of course you need family trust because they are your family they will be there for you no matter what and they will always love you, even when you have annoyed them they will always loved and trust you. family trust is SO important, no relationship is more powerful than your family and when you have a problem you should talk to your family first.
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∙ 11y ago
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Can one person in a family trust borrow mortgage funds in their own name?
You need to review the provisions of the trust to determine how it operates.
Can a family break a family trust after the death of the person who created it?
They must review the document that created the trust to determine if and how the trust can be terminated. Most trusts contain a clause that addresses termination. If there is no such clause the family would need to bring the matter to court and let a judge determine the outcome.
How does the executor in a living trust remove a family member from property?
A trust doesn't have an executor. A trustee manages a trust according to the provisions set forth in the instrument that created the trust- the Declaration of Trust. You need to review that declaration to determine what the trustee can do and how.
Can a break a family trust after the death of the person who created it?
They must review the document that created the trust to determine if and how the trust can be terminated. Most trusts contain a clause that addresses termination. If there is no such clause the family would need to bring the matter to court and let a judge determine the outcome.
Whats worse playing with barbies at a young age or for the family not to trust you?
Not having your family trust.
Will the title be on your name using a deed of trust?
When land is transferred to a trust the grantee is the trustee of the trust. For example, suppose the Murphys decided to execute a trust naming their daughter Elizabeth as the trustee. If they wish to transfer their home to the trust they would need to convey it to Elizabeth Murphy as Trustee of the Murphy Family Trust.
Do you have a claim to your late husbands share of family trust?
You do have a claim in your late husband's share of a family trust if that trust was willed to you by your husband. You can hire an attorney to help settle the trust.
Why do you need honesty?
Honesty is a key to any group functioning well, be it a family, an organization, or a country. When there is no honesty, there is no trust, and a lack of trust leads to numerous problems that hinder progress.
What is the timing of a trust disbursement after death?
Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.
My brother recently died and was trustee of an irrevocable mineral rights trust for our family. How do we appoint another trustee?
You need to review the terms of the trust set forth in the declaration of trust and find the section that provides for the appointment of a successor trustee. If there is no provision for the appointment of a successor then you need to get a judge to appoint one.
Can a business owner in California escape probate all together if their entire estate consists of real property and they pass it to their children through a Grantor Retained Annuity Trust?
No. A Grantor Retained Annuity Trust is a financial instrument used to make large financial gifts to family without paying a gift tax. If you want to protect your real property from probate you need to set up a trust that can hold title to real property. You need to consult with an attorney with a good reputation who specializes in trust law and tax law.No. A Grantor Retained Annuity Trust is a financial instrument used to make large financial gifts to family without paying a gift tax. If you want to protect your real property from probate you need to set up a trust that can hold title to real property. You need to consult with an attorney with a good reputation who specializes in trust law and tax law.No. A Grantor Retained Annuity Trust is a financial instrument used to make large financial gifts to family without paying a gift tax. If you want to protect your real property from probate you need to set up a trust that can hold title to real property. You need to consult with an attorney with a good reputation who specializes in trust law and tax law.No. A Grantor Retained Annuity Trust is a financial instrument used to make large financial gifts to family without paying a gift tax. If you want to protect your real property from probate you need to set up a trust that can hold title to real property. You need to consult with an attorney with a good reputation who specializes in trust law and tax law.
Im a beneficiary on a living trust. Do I pay for the survey of the house or does the estate pay?
You need to review the provisions of the trust document.You need to review the provisions of the trust document.You need to review the provisions of the trust document.You need to review the provisions of the trust document.
