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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?
What is the difference between a valid trust and enforceable contract?
a valid trust is true and an enforcebale trust can be enforced
Can a blind trust be funded anonymously?
yes
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.
Can a trust with a taxpayer ID be levied by a judgment creditor?
Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.Yes. If the creditor has won a judgment against the trust. It cannot be levied for a debt against the beneficiary as long as the trust is a valid trust.
Would a FamilyTrust not signed by mother create problems when selling her house?
If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.If its the mother's trust and its unsigned then the trust isn't valid. There may be problems but there isn't enough detail in the question.
If a will mentions a trust that was never set up is the will valid?
Wills signed by the deceased and witnessed are always valid. Often the elderly may change their minds, but never change their Wills, so the last Will and Testament is the final word. Whatever is in that Will is the way it will be played out. Marcy ==Clarification== If a Will directs that certain property be placed in a trust and the trust was never created the property would remain in the testators estate. The failure to create the trust may result in that property passing as intestate property. The Will is still valid as to any other bequeasts. The property that was to go to the trust would pass according to the residuary clause in the will if there is one. If there is no provision in the Will for property not specifically mentioned then it would be divided equally among the legal heirs as intestate property. Please note that in reality, many, many wills are so poorly written that a judge must make a decision as to the distribution of the property of the decedent. Therefore, the judge has the "final word" by deciding if the will is valid and then by interpreting it if the will was poorly drafted.
Can the IRS place a lien on a house that you are a trustee for?
Yes. The trust must be drafted by a professional to make certain it is a valid trust. The property must be transferred to the trust prior to the lien. You should consult with an attorney who specializes in trust and tax law.Yes. The trust must be drafted by a professional to make certain it is a valid trust. The property must be transferred to the trust prior to the lien. You should consult with an attorney who specializes in trust and tax law.Yes. The trust must be drafted by a professional to make certain it is a valid trust. The property must be transferred to the trust prior to the lien. You should consult with an attorney who specializes in trust and tax law.Yes. The trust must be drafted by a professional to make certain it is a valid trust. The property must be transferred to the trust prior to the lien. You should consult with an attorney who specializes in trust and tax law.
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.
