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What is the charge for the trustee who spends all of the money for personal use?
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What if the executor of a living trust spends all the money that was in a bank account to maintain the estate for his own personal use Now there is no money to maintain the estate.What can be done?
A living trust has a Trustee (not an executor). You can bring a lawsuit against the Trustee. In the lawsuit the trustee will have to show what was done with the money, and the court will judge whether it is against the law or not. The trustee has a fiduciary responsibility and if that is violated, and there is proof, the trustee will lose the lawsuit and you will win damages.
Is investing trust money through the trustee's personal investment business self dealing?
Yes
How do you get money out of your trust when trustee refuses?
in estates
If a house is placed in an irrevocable trust does the trustee have the right to borrow money to reinvest in the house for improvements and maintenance?
You need to review the powers granted to the trustee in the trust instrument. The trustee may need to get court order if the power to borrow money was not granted in the trust.
Can you make a personal loan without charging interest?
It's your money, you can pretty much do what you want with it (there are a few exceptions). But sure, you can make a personal loan and not charge interest.
What if the executor of a living trust spends all the money that was in a bank account to maintain the estate for his own personal use Now there is no money to maintain the estate.What can be done?
A living trust has a Trustee (not an executor). You can bring a lawsuit against the Trustee. In the lawsuit the trustee will have to show what was done with the money, and the court will judge whether it is against the law or not. The trustee has a fiduciary responsibility and if that is violated, and there is proof, the trustee will lose the lawsuit and you will win damages.
What is the Synonyms for high maintenance?
Spends exorbitant amount of money on personal maintenance.
Is investing trust money through the trustee's personal investment business self dealing?
Yes
Do you have any recourse when your partner spends money out of your business funds?
you can charge your partner with Fraud or Theft
Can you add to your estate money given to you in a trust?
Generally: Money given to you "In Trust" is not your personal property. It is not part of your individual estate. You would hold that money as a trustee for the benefit of others.
Who spends government money?
The government spends it.
Lawsattorney is responsible for report of trust money?
If he is also the TRUSTEE. It is the trustee who is responsible.
A man spends one fifth of the money in his wallethe then spends one fifth of What is lefthe spends 36.00 in all how much money did he start with?
started with 100
Why questions such as who spends the money has no auxiliary verb?
The word "who" acts like the subject of the sentence, so the question is constructed like a declarative sentence. For example: "Who spends the money?" "Bobby spends the money."
You have file personal chapter 7 bankruptcy in Dec 09 and due to receive a settlement check for a diminished value automobile claim from March of 2007. Does the Trustee get to keep the proceeds?
Unless you claimed the proceeds as exempt when you filed, the trustee gets the money.
How do you get money out of your trust when trustee refuses?
in estates
Can the Trustee take money after the bankruptcy is dismissed?
NO....DUHHHHHHHHHHHH
