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Does a will supersede a deed set up as a living trust to come back to the grantor's at the time of the death of the grantees?
Wiki User
∙ 13y ago
You need to consult with an attorney who specializes in trusts, real estate and probate who can review the situation, review the related legal documents and explain the status of the property.
Wiki User
∙ 13y ago
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Can a life estate deed name two grantees?
Yes, & upon the death of the person reserving a life estate, the property will be owned by both of the 2 Grantees
How do you handle execution of trusts upon grantors death?
You need to review the document that created the trust to determine how the trust property is to be distributed and how it can be terminated.
What is the difference between a survivorship deed and a transfer on death deed?
All the grantees on a survivorship deed own the property and each has the right to the use and possession during their life.The beneficiary in a transfer on death arrangement only acquires rights in the property upon the death of the owner.
When was The Living Death created?
The Living Death was created on 1915-06-06.
What is the responsibility of the remaindermen of a property with deed transfer with retained life estate when the parent wants to move so the sale occurs before death?
All the parties must sign the deed as grantors: the parents and the remaindermen.
Does a will supersede bankruptcy?
Different things for different purposes. Death ends bankruptcy. Death does not end debts...debts will be paid before your will is acted on...even if it uses something your will wanted to go to someone else....your debts come first.
Who would supersede President Obama in case of his death?
In the case of President Obama's death, Senator Joe Biden would become President-Elect. Joe Biden is the 47th and current Vice President and is a member of the Democratic Party.
Living Trust - Joint?
Get StartedA Joint Living Trust can be created by a person and that person's spouse. In some cases, this method is preferable to creating two separate Living Trusts, especially where assets to be contributed are held jointly and could not easily be divided to be placed into two separate trusts. Another advantage is that the joint trust is created in a single document rather than multiple documents.Typically, the Joint Living Trust provides for both spouses, who are the Co-Grantors, to serve as the initial Co-Trustees. They serve for such time as they are able and willing to manage the assets of the Trust during their joint lifetime. After the death, "disability" or voluntary resignation of one, the other can continue as Trustee. When neither Grantor serves as Trustee, a successor Trustee takes over the management of the Trust.The Joint Living Trust is "revocable," that is, it can be amended or revoked at a later time.PaymentsDuring the Grantors' lifetime, payments of the net income of the Trust are made to the Grantors at fixed intervals. The amount of the payments can be changed from time to time at the request of the Grantors.When a Grantor dies, the Trust provisions designate the beneficiaries who will receive that Grantor's property, much in the same manner as a will. At the option of the Grantor, these provisions can include specific distributions and distributions of tangible personal property before the distributions of the remaining trust assets. The successor Trustee carries out these provisions in a role similar to that of an Executor. These provisions also allow the Grantors to include a trust share that will be maintained for the benefit of the Grantors' minor children through a trust for minor children.Advantages of a Living TrustThe Joint Living Trust is often viewed as a preferable alternative to the Will. Some of the perceived advantages of the Joint Living Trust relate to privacy, reduced probate costs, and management of assets. For more information, see the Trust vs. Will Comparison topic. And for a review of what to consider when deciding on a Living Trust, see the Factors to Consider topic.NOTE: This trust is not appropriate for couples with a combined estate (including life insurance proceeds and retirement plans) that exceeds the federal estate tax applicable exclusion amount ($3,500,000).
If one of 3 Grantees on a Quit Claim Deed dies before the Grantor dies does his share of property then transfer to the other 2 Grantees listed on the deed?
The grantor has no interest in the property once they convey it. Their death has no bearing on the question. At the time of the conveyance the parties should decide what they want to happen to the property upon the death of any of the grantees. If they hold title as joint tenants with the right of survivorship, the interest of any co-tenant who dies automatically passes to the other co-tenants. If they hold title as tenants in common, the interest of any co-tenant who dies will pass to their beneficiaries under their will or to their heirs-at-law according to the state laws of intestacy.
What scares off the living?
Every living fears the death. Life does not exists with out the fear of death.
What are the release dates for The Living Death - 1915?
The Living Death - 1915 was released on: USA: 6 June 1915
Where were Whitney Houston living before her death?
She was living in a hotel
