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You were the grantee in a deed of trust. The original owner has died. Are you now the owner of property?
You need to review the terms of the trust. If your name is on a deed of trust then you must be the trustee. You need to review the terms of the trust to determine the status of the property now that the trustor has died. You should consult with an attorney who can review the land records to determine the status of the title. If the title is not clear you cannot sell or mortgage the property.
Where can one get a clear credit card?
One can get a clear credit card through most banks or other financial providers. If one is looking for a clear credit card; it is best to shop around to find the best rate.
Is the trustee of an irrevocable trust responsible for paying from the trust debts incurred by the deceased beneficiary?
Generally, no. Trust law is a very complicated category of law so this question can only be addressed in very general terms. A trust is administered by a trustee. Every trust is different. A well written trust will contain a provision that directs where the trust property will go upon the death of the beneficiary and the trust will terminate. Trusts do not generally allow the trust property to become part of the beneficiary's estate. Generally the beneficiary is allowed to receive the income from the trust during their life and upon their death the trust property is distributed to their children or other family members free and clear of the trust. You would need to review the provisions of the trust to determine what happens to the trust property upon the death of the beneficiary. If there is no such provision an equity petition must be presented to the court asking for guidance. Generally the petition explains the defect in the trust and may also contain evidence concerning what the trustor intended but failed to state in the trust document. A judge will review the trust and issue a decision. A beneficiary-decedent's estate is administered by a court appointed Executor or Administrator. That is a separate proceeding and the Executor or Administrator has no authority to reach into the trust for funds to pay the debts of the decedent. In fact, the purpose of a trust is generally to protect and preserve assets.
You got a home equity loan to purchase another home if the first home forecloses how does that effect the second home?
It depends--if the 2d home is included in the deed of trust then it, too is foreclosed. If it is not included, then the 2d home is free and clear.
What company offers the best forex trading system?
The best tools to help you trade Forex I recommend that you use them because they get you rich I use all tools, but the best of them are 2 cutt.ly/Vh8Ls3O cutt.ly/Jh8Llux cutt.ly/1h8Lvez Put the link on Google so that you can know enough information about each tool, because this site does not allow sharing links
Where is clear lake?
Clear Lake is a city in Cerro Gordo County in northern Iowa.
Why can light pass through clear objects?
"Clear" objects are named "clear" because light can pass through them. If light could not pass through them, they would not be labeled "clear".
Are we ever obligated to trust our emotions without any clear supporting evidence?
We are never obligated to trust our emotions, even withclear supporting evidence. However, it seems we often do trust our emotions even when that is contrary to clear supporting evidence that we should not.
What country can you see from Islay on a clear day?
On a clear day, you can see the coast of Northern Ireland from Islay, Scotland. The distance between the two is around 25 miles across the North Channel.
Who sells seneca cigarettes in northern California?
robertson's casino by clear lake
What happens in sex in VERY clear detail everything?
you don't want to know, trust me.
Does light pass through a clear glass?
YES, maybe you can look through it and you will see it. A clear glass is transparent and you can see through transparent things
Can you have a simple sentence using the word engender?
In relationships, honesty and clear thinking engender trust.
How big is Clear Lake in Iowa?
Clear Lake is a city in Cerro Gordo County in northern Iowa.
Could you Distinguish the difference between clear and colourless?
Clear means that it is see through eg. Some thing can be blue but see through-therefore clear. Colourless mean that it has no colour.
What does the word transparent mean?
Clarion, halcyon, undimmed, cloudless, bright...Transparent is another word for clear. Windows are typically clear. Clear windows allow automobile drives to see and remain protected while driving.
How do you terminate an irrevocable trust agreement?
A well-drafted trust instrument should contain language that directs the manner by which the trust will be terminated. Those directions must be followed. If the trust document is not clear then a court must make a determination especially if the trust holds title to real estate. You should seek the advice of an experienced trust attorney.
