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How do you create a trust Is it created when the trust is funded money or title to property is delivere?
Wiki User
∙ 15y ago
It depends on the creator of it. Some have it setup to create a trust on death...others have both. I have one trust I used more for investment reasons...but will have another that is death spefiic rollover only.... via a rollover will. The investment trust is the real trust, the created-by-death one will terminate immediately when it has zero assets. Ie; the death one wont exist till its funded at death. The other will already exiswted for variety of reasons.
Wiki User
∙ 15y ago
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Can an irrevocable trust be changed or a new one created if never funded?
Can an irrevocable trust be changed or a new one created if never funded; without beneficiary consent?
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Our mission is to create a society that is scientifically innovative, ... USAID-funded Mission
If your daughter is listed as the owner of property in your right to life living trust does she have the authority to decide who will rent the land or do you?
If you created and funded the trust & If your daughter is your 'successor trustee' she normally can not overrule you unless you become incapacitated.
Can a home be sold if the decrease trust is not over with in probate court?
It all depends on what the documents state. I notice you said a Trust. Was this a grantor trust? was it completely funded with the grantor's (the deceased) assets? Is the home in the name of the trust. There may be a provision in the Trust, if the trust was the owner of the property, that allows the sale of the property with proceeds added to the residue of the trust. However, if the trust was not properly executed and funded and the property was still in the name of the decedent then you may have to wait until the probate process is over or meet with all heirs and your probate attorney as they can guide you through that process. Usually with a completely funded grantor trust the estate avoids the probate process and goes by the guidelines set forth by the trust, however it sounds as if this trust was not properly funded and the property was not placed in the trust.
How and why was Millennium Park in Chicago created?
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What company funded the first computer?
ABC - funded by university grant.Harvard Mark I - funded by IBM and US Navy.ENIAC - funded by US Army.SSEC - funded by IBM.EDSAC - funded by university grant & Lyons.LEO - funded by Lyons (a british cookie and tea company).EDVAC - funded by US Army.IAS - funded by university grant.UNIVAC I - funded by Remington Rand.
Do you need to be funded to be a white knight in Maplestory?
You dont really need to be funded to be a white knight. I had a friend lvl 154 white knight who does quite good dmg. He wasn't funded at all but it is good to be funded to do more dmg. Around 500-1bil mesos will be used to created a good white knight. non-funded white knights should spend atleast 100mil. This might not be a good awnser but i hope it helped
What is't mean by sport funded?
sport funded mean that you are funded for a sport
What is a mortgage escrow account?
An escrow account associated with a mortgage is an account that is maintained by the mortgage holder and funded by the mortgagee. Part of the monthly mortgage payment goes into this escrow account to pay for property insurance and property taxes.
How was Henry the navigator funded?
he funded himself
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State schools are funded by the Scottish Government, private schools are funded by fees.
Does actors in movies take all their clothes for their work?
No, actors are sometimes allowed to keep their wardrobe, but for the most part the costumes remain the property of the studio who funded the production.
