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During the life of the trustor.
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∙ 10y ago
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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?
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.
How is a trust funded?
Property that will become trust property must be transferred by the legal owner to the trust. Bank accounts can be reopened in the name of the trust and its trustee. Real property must be transferred by deed from the the record owner to the trustee of the trust. Since a trustee is the agent with the power to act for the trust, real property transfers should be made to the trustee. For example, a deed should recite the grantee in this form: Julia Roberts, as Trustee of the Pretty Woman Realty Trust dated 3/23/1990. Since the trustee will have full power to control the trust property it is essential to choose a trustee whom you have deemed to be completely "trustworthy".
Will set up a trust but trust was not funded can the executor raid the estate to fund fees for himself as trustee?
No, he cannot. The offices of testamentary trustee and exutor are separate and distinct from one another even if the same person is to serve as both. Compensation for a trustee comes out of the funds in the trust for work done by the trustee on behalf of the trust. If the trust is unfunded, there are no assets out of which to pay fees to the trustee. Also, if the trust is unfunded then the trustee has done nothing to earn any trustee fees. Compensation of trustees and executors is governed by state laws, so it is important to check the laws of the state of probate for the details.
Are there fee for inter branch deposit in BPI family?
There is no inter branch fee
What is a definition of a trust?
A living trust is simply a trust created by a living person. It is also known as an "inter vivos trust". That's Latin meaning a trust between living persons. Conversely, a trust created by someone in a will is called a testamentary trust.
What is the definition of a living trust?
A living trust is simply a trust created by a living person. It is also known as an "inter vivos trust". That's Latin meaning a trust between living persons. Conversely, a trust created by someone in a will is called a testamentary trust.
What is the court process called when a will is validated and proccesed?
inter vivos
What has the author John R Cohan written?
John R. Cohan has written: 'Drafting California Inter Vivos Trusts' 'Drafting California irrevocable inter vivos trusts' -- subject(s): Living trusts
What is inter vivos?
Inter vivos means ' between the living'. It refers to a gift made by a donor during life. A gift made after a person's death by Will is called a testamentary gift.Inter vivos means ' between the living'. It refers to a gift made by a donor during life. A gift made after a person's death by Will is called a testamentary gift.Inter vivos means ' between the living'. It refers to a gift made by a donor during life. A gift made after a person's death by Will is called a testamentary gift.Inter vivos means ' between the living'. It refers to a gift made by a donor during life. A gift made after a person's death by Will is called a testamentary gift.
Can a blind trust be funded anonymously?
yes
What is a Charitable Lead Annuity Trust?
A charitable lead annuity trust is a type of account that specifies a certain amount of money to go to a certain charity every year. This type of trust can be either vivos or testamentary.
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?
When was Vivos - album - created?
Vivos - album - was created on 2002-05-24.
When was Muertos Vivos created?
Muertos Vivos was created on 2007-10-23.
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.
