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How does a will control tangible property if said property is in a trust?
Brew
A trust does not die and thus has no "will" to be interpreted. Any property mentioned in a will that is not owned by the testator is ignored.
Wiki User
∙ 16y ago
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Is heat tangable?
Not exactly, but heat in objects that you can touch is tangible. Radiant heat might be said to be tangible, as well.
Who is responsible for homeowners insurance of trust?
If you mean a home that is in a Trust such as a Family Trust, then the trust manager, executor or administrator of said trust would be the person responsible for obtaining insurance coverage for the home and any other property entrusted to their care.
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.
Tangible in a sentence?
Tangible refers to something that is real, concrete, and can be touched or measured physically.
Is igsist spelled that way?
Something that is physically tangible is said to "exist". The noun form is "existence".
I have said i don't trust her and she leave me but really i trust her were much?
Yes
Are verbal contracts for vehicle purchases in Illinois binding?
Verbal contracts are not binding on any tangible asset or real property. If this were the case, car salesmen would sue everyone who walked out the door and said they would be back tomorrow to buy. Vehicles are tangible assets. Thus verbal agreements in this matter are not binding. In the sale of a vehicle, there is an exchange of money for the vehicle and title. That's it. The purchase is straight forward.
If your tree is hanging over onto a neighbors roof who is responsible for cutting the tree back?
you are responsible for your property. with that being said if your tree grows out of control onto your neighbors property then you must pay for the removal and its damaged that is caused.
Is it legal to transfer property to a land trust if there has been a lis pendens filed against said property?
Sure. But read on. The purpose of a lis pendens is to notify anyone whom it may concern that an action is pending which will affect title to a certain property, and anyone with any interest in that property will take subject to the rights of the plaintiff in that action. While you can transfer title to your property to a trust, the trust will take subject to the rights of the plaintiff in the lawsuit which the lis pendens is filed for, just as if the trust was a named party to the lawsuit. For example, if the lis pendens warns of a lawsuit for foreclosure, and the plaintiff wins the lawsuit, the trust, as new owner of the property, must pay the foreclosure judgment or lose the property. Also, the lis pendens will show up as an exception on any title policy issued for the subject property. Upon dismissal of the lawsuit in question, the lis pendens is automatically moot. Note: If your property is faced with a lis pendens, I would strongly recommend consulting with a real estate attorney immediately. Luckily, some attorneys give "free consultations"--see the phonebook.
How does a trust help businesses?
Trust means doing what you said you're going to do when you said it'll be done and to the best of your ability. Trust helps businesses to build their brand name and increase in satisfied customers.
How does trust help businesses?
Trust means doing what you said you're going to do when you said it'll be done and to the best of your ability. Trust helps businesses to build their brand name and increase in satisfied customers.
Who said trust in god but tie up your horse?
Such an expression is said to be proverbial. That is to say that many have said something like it, so that no one can be given definite credit for the precise wording. Variations include: "Trust Allah but tie up your camel"; "Trust everybody, but cut the cards"; "Trust in God but look both ways before crossing the street" and "Trust but verify."
