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The beneficiaries must review the provisions in the trust to determine the extent of their powers, if any.

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Q: Powers held by beneficaries of a trust?
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Who has the legal title of the property in a trust?

Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.


Can an irrevocable trust file bankruptcy without impacting the beneficiaries of the trust?

An irrevocable trust can only file under a Chapter 7-11-13 if is defined as a "business trust". If that hurdle is met then to extent that the assets of the trust are utilized in the plan or dissolution, will impact the beneficiaries. I don't know for sure but do not think the Court has any recourse to the beneficaries. -0-- Actually it depends... overall you should talk with a lawyer about the options. If there is criminal activity involved, a lawsuit could be done (bankruptcy or not) that could recoup (artificially) some of the losses. In general no, beneficaries might be out of luck if nothing was actually done wrong or illegal. Also depends on whether the trustee itself is liable or not, beyond the law.


Can a trust lend money to a beneficiary to buy a house even though the trust usually distributes income to the beneficiary at year end?

You need to review the terms of the trust. The instrument that created the trust sets forth all the powers of the trustee. You need to determine if the trustee has the power to loan money from the funds held in trust.


Is the power to tax a reserved power?

No, the power of tax is not held by the reserved powers, it is held by the concurrent powers.


What is the beneficiary in a trust?

the beneficiary in a trust is the person whom benefits from that which is held in trust.


What different powers are held by the governments in the US?

Delegated powers Concurrent powers Reserved powers


Powers held by both national and state government are called?

Reserved Powers and Concurrent Powers


What other powers are held by an independent government?

Powers such as taxation & meetings


Powers exclusively held by congress?

The powers that are exclusively held by congress include ability to change taxes, impeach the president and declare war. These powers are expressed by the constitution.


Who are Reserved Powers held by?

states


Once an estate is closed and the beneficaries are equally deeded the house. Can the exuctrix take money from the sale proceeds to pay other beneficaries not paid before the estate was closed?

if the house is sold can that money be divided before the total estate is closed


What are powers the US government holds because these powers have generally been held by national governments often called?

The powers the U.S. government holds due to the fact that these powers have generally been held by national governments, are referred to as inherent powers. Other kinds of powers are expressed powers and implied powers.