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Property that will become trust property must be transferred by the legal owner to the trust. Bank accounts can be reopened in the name of the trust and its trustee. Real property must be transferred by deed from the the record owner to the trustee of the trust. Since a trustee is the agent with the power to act for the trust, real property transfers should be made to the trustee. For example, a deed should recite the grantee in this form: Julia Roberts, as Trustee of the Pretty Woman Realty Trust dated 3/23/1990. Since the trustee will have full power to control the trust property it is essential to choose a trustee whom you have deemed to be completely "trustworthy".
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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?
When is an inter vivos trust funded?
During the life of the trustor.
If you were told you had an Oregon trust fund that you would receive when you were 26 or went to a University how would you locate this trust fund with no other info?
There is no single repository where all trust funds are registered. You would need to know the name of the grantor to get started. You should begin by asking the person who provided this vague hint of a benefactor more questions. Where did they hear of the trust? What is the name of the trust? Is it a family trust or some type of charitable trust for which you are eligible? Who funded the trust? Why are you a beneficiary? You could try to research family probates of affluent antecedents or those who never married or never had children of their own. Perhaps a trust was set forth in a will that was probated.
Will set up a trust but trust was not funded can the executor raid the estate to fund fees for himself as trustee?
No, he cannot. The offices of testamentary trustee and exutor are separate and distinct from one another even if the same person is to serve as both. Compensation for a trustee comes out of the funds in the trust for work done by the trustee on behalf of the trust. If the trust is unfunded, there are no assets out of which to pay fees to the trustee. Also, if the trust is unfunded then the trustee has done nothing to earn any trustee fees. Compensation of trustees and executors is governed by state laws, so it is important to check the laws of the state of probate for the details.
What are some taxpayer-funded services?
Some taxpayer funded services are * The library, * Public transportation * And recreation centers.
Can a blind trust be funded anonymously?
yes
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?
When is an inter vivos trust funded?
During the life of the trustor.
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 were the Virginia colonies funded?
i think by england. but don't trust me on that one.
What type of business is Dogs Trust?
Dogs Trust is a canine rehoming/rescue centre which is funded entirely by donations.
How do you create a trust Is it created when the trust is funded money or title to property is delivere?
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.
If you have guardianship over a person's estate do you own what has been funded into their living trust?
You are just the guardian. You own nothing.
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.
If an irrevocable trust has been funded by life insurance dividends how can the beneficiaries after ten years or so agree to dissolve the trust and take the funds If yes how is that done?
You need to look to the language of the trust to determine how it can be terminated. Review the trust document. If there is no provision for voluntary termination then you may need to get a judicial order to terminate it.
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.
What is't mean by sport funded?
sport funded mean that you are funded for a sport
