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Tenancy by the entirety is a form of co-ownership of real property that is reserved for legally married people. In a T by E, when one owner dies the other automatically owns the property and there is no need for probate. A tenancy by the entirety is not a trust.
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Who owns the assets in a trust?
The trust owns the trust property and that property is managed by a trustee who carries out the provisions of the trust.
Can you have a trust and file for bankruptcy?
You can have a trust and file for bankruptcy but the more important question is whether you should given what is in the trust, who transferred the assets into the trust and who is a beneficiary of the trust. If you have set up a trust and have irrevocably transferred all of your interest to assets to the trust then there may be questions of whether the transfers were proper and allowable under bankruptcy law. If you are a beneficiary of a trust the question becomes whether your beneficial interest in the trust is protected when you file for bankruptcy. This will depend on reviewing the facts of how the trust and reviewing the trust documents.
Definition and function of unit trust?
is an investment fund established under a trust deed whereby the trust sells units in the in the trust to investors.
Can one lose trust income if they remarry?
You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.You need to review the terms of the trust. The trust is administered according to the provisions set forth in the instrument that created the trust.
Is a beneficiary of a trust responsible for trust expenses?
You need to examine the trust instrument for any provisions that may address your question but generally the trust pays trust expenses. Those expenses should come out of the trust funds before the beneficiary is paid. You need to review the document that created the trust is order to determine what the provision are, how the trust is managed and the powers of the trustee.
What is a Trust Res?
The property owned by a trust is the trust res.The property owned by a trust is the trust res.The property owned by a trust is the trust res.The property owned by a trust is the trust res.
When does a trust become finished and not sueable?
When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.When the trust has been terminated according to the provisions in the trust instrument and the trust property has been distributed to the trust beneficiaries.
Can you trust me and I trust you?
Yes. Yes you may trust us. And we trust you.
What is the timing of a trust disbursement after death?
Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.
When a revocable trust becomes a irrevocable trust after a person dies is trust a non grantor trust or a grantor trust?
it remains a grantor trust
Who has the most trust points on WikiAnswers?
2,000+ Trust Points on WikiAnswersThe following 45 WikiAnswers contributors have all earned more than 2,000 trust points (figures correct as of July 18, 2012):8,981 trust points - User:Marcy5,653 trust points - User:USCitizen5,643 trust points - User:RoyR5,189 trust points - User:Macky5,011 trust points - User:Clay5,009 trust points - User:Aggie804,893 trust points - User:Ranger224,893 trust points - User:Dlmick4,646 trust points - User:Joncey4,622 trust points - User:Crystal4,474 trust points - User:Keats4,181 trust points - User:Chris3,978 trust points - User:Ksmail3,880 trust points - User:Neila2223,781 trust points - User:Viper1usmc3,730 trust points - User:Quirkyquantummechanic3,560 trust points - User:Redbeard3,428 trust points - User:Grevillea3,315 trust points - User:HisPowr4U3,147 trust points - User:Deb3,136 trust points - User:Jadeacres3,103 trust points - User:elosery3,065 trust points - User:Delltechie2,997 trust points - User:Brave32,967 trust points - User:JEK2,874 trust points - User:Ganderton2,850 trust points - User:On_the_Wallaby2,831 trust points - User:Englishangel2,779 trust points - User:Katz22,625 trust points - User:Sdresh2,622 trust points - User:Schnazola2,614 trust points - User:Dfoofnik2,587 trust points - User:Myrab512,561 trust points - User:Emdrgreg2,557 trust points - User:Simplemary2,516 trust points - User:Blue2,514 trust points - User:JayKay2,487 trust points - User:Natural_Val2,427 trust points - User:TrishaR2,306 trust points - User:Robbb2,285 trust points - User:An8thg2,138 trust points - User:Tina2,083 trust points - User:Squirrel_Man2,046 trust points - User:Hooweestik2,038 trust points - User:BaldfatguyNOTE: THERE IS CURRENTLY A PROBLEM WITH THE TRUST POINTS BEING GIVEN. THIS ANSWER WILL BE UPDATED ONCE IT'S FIXED.~ Top 100 All-time Contributors ~Click on the Related Link, further down this page,to see the list of the Top 100.
What is trust corpus?
the body of a trust. contents of trust.
Can you sell land out of a revocable trust?
Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.Yes, as long as the trust was properly drafted the trust property can be sold by the trustee of the trust.
What is the Polish word for trust?
Trust, as in that you trust someone, is zaufanie. Trust as a sort of an financial organisation is fundusz.
Can a revocable trust be changed by a codicil?
No, a revocable trust cannot be changed by a codicil. A revocable trust can only be amended by creating and executing a trust amendment document. A codicil is typically used to make changes to a will, not a trust.
How do you trust people on Answers.com?
if they have a lot of trust points then trust them.
What is Washington state's economy based on?
trust trust trust
