Please answer the question: If a trust fund is set up to look after an aging parent what happens to the balanc of the trust frun onc the parent dies?
Once the parent dies, the balance of the trust fund depends on the terms and conditions outlined in the trust document. It can be distributed to the named beneficiaries, such as other family members or charitable organizations, or it may be specified to be used for specific purposes, such as covering funeral expenses or paying off outstanding debts. The distribution would be carried out according to the instructions provided in the trust.
In The Sims games, it is not possible to turn aging off completely. However, you can use cheats or gameplay options to slow down the aging process or prevent Sims from aging up. This can vary depending on the specific game version you are playing.
It depends on the specific laws and provisions of the will or trust. In many cases, grandchildren are considered natural heirs and would be entitled to a share of the inheritance if their parent is deceased. However, it's important to consult with a legal professional to understand the specific circumstances and implications.
Yes, Grantor Retained Annuity Trust should be capitalized as it is a specific type of trust.
A Grantor Retained Annuity Trust (GRAT) is an irrevocable trust that allows the grantor to transfer assets to beneficiaries while retaining an annuity interest for a specified period. Once the GRAT is established, the terms cannot be changed or revoked by the grantor.
As the trustee, your primary duty is to follow the instructions laid out in the trust document. If the trust specifies that the house is to be sold and the proceeds divided among the children, you are obligated to carry out this directive, unless there are extenuating circumstances or legal challenges that prevent you from doing so. It is essential to consult with a legal professional to ensure you are following the trust's terms correctly.
They either work together to rebuild or a split is inevitable at some point.
be honest to them from now on and you will regain there trust=)
no . if the parent have trust , then it shouldn't be a problem.!
they must trust you
The Parent 'Hood - 1995 Trust a Move 1-13 was released on: USA: 17 May 1995
That will depend on how the trust is written. In most cases the beneficiaries have no say in how the trust is distributed.
The best way to find out about your parent's will is to ask them.
It should have any impact unless you are a beneficiary of the trust.
What happens? the bank forecloses of course. The fact that the house is in a trust doesnt change anything.
The person(s) who established the trust would have to amend the trust. Some trusts cannot be amended.
16 otherwise it will be held in trust for you by a parent/guardian
A properly drafted trust has provisions for the distribution of the trust property upon the death of the beneficiary.