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Why would my father's wife insist he put the house in a Trust fund?
Wiki User
∙ 15y ago
If your father transfers his property to a trust that would get it out of his estate and out of reach of his heirs at his time of death. She may be seeking to disinherit your father's children.
Wiki User
∙ 15y ago
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House left in trust to children no mortgage can money be released on this property?
quite simply no i live in a house left in trust to me and it would be like getting blood out of a stone plus have a bit of respect for the relatives wishes for a stable roof over your head or the childrens
Can you buy your fathers home instead of inheritaning itand aviod paying the inheritance tax?
The only way to buy your father's house would to be to purchase it before he passes, after he has passed, you automatically inherit the house. Even if you purchase the house, you will still pay taxes.
You inherited a house and sold it what is the tax?
I'm not an attorney, and you should get professional advice. But from my reading, you might owe a capital gains tax on any increased value of the house from the time of its purchase by the person from whom you inherited it. This would be true if you got the house through a Will. However, if that person created a trust and put the title of the house in the name of the trust, you do not owe capital gains tax on any past increase in value.
If money from a trust fund has been spent would you still be able to locate the trust if so how do you go about collecting funds from said trust or can you?
You would need to review the document that created the trust to find the identity of the trustee and then contact the trustee. You can collect funds from the trust only if the trust document names you as a beneficiary.
Can the beneficiary of a trust receive money before the trust terminates?
Yes. You would make a request to the Trustee of the trust and ask for a distribution based on your needs. However, the trust must be administered by the terms of the Trust Document.
Does trustee have permission to sell your fathers house without beneficiary consent?
It depends on the terms outlined in your father's trust. If the trust grants the trustee the authority to sell the house without beneficiary consent under certain circumstances, then the trustee can proceed with the sale. However, if the trust requires beneficiary consent for the sale of the house, then the trustee would not have the authority to sell it without that consent.
Does a house have to have a bath?
A house might have a shower unit rather than a bath. I would expect that building regulations would insist on a bath or shower.
Why did the Founding Fathers insist on a Bill of Rights?
The founding fathers didn't really insist on a bill of rights, the antifederalists did. Federalists were people who wanted a strong government, but antifederalists were afraid that if there was a very strong government, the states would be too weak, and that people would lose rights if the government was too powerful. So when the federalists wanted to approve the Constitution, antifederalists said they wouldn't, until the federalists put in a Bill of Rights. So the federalists added the bill of rights, so that the anti-feds would ratify the constitution.
Is some didnt trust there bank where would they hide there money?
Probably in there house.
Will named you as executor but living trust for the house has no executor named Am I still the executor?
The living trust has a trustee, not an executor. The will is a separate process and you would be the executor.
What would you trust your husband to fix around the house?
Nothing Plumbing Anything Television Roof
Can an irrevocable trust given to one spouse by parents be the others spouse's irrevocable trust as well?
We own the house my brother and me and I would to know if you can borrow on it. Thank You
What is the cajun french translation for your fathers house?
The translation for "your father's house" in Cajun French would be "la maison de ton père."
In congress why did the founding fathers place age restrictions on represenitives and senators?
The House of Representatives would represent the people while the Senate would remain more distant.
Why does your dad put cameras all round the house?
Your dad would put cameras all round the house because he doesn't trust you. My sister stole the rent money from my parents to my dad doesn't trust me and my brother, don't be bad!!
Can a 60cm tsunami destroy a house?
No way, it would hardley dent it, trust me i research tsunamis my whole life
How do you take a co trustees name off the house title?
The co-trustee is not on title, the trust is. Think of the name of the trust as the name of a company. For example: The Tom and Martha Living Trust is the name of the entity (company) which technically owns the house. Tom and Martha as individuals are NOT vested owners in the house. They do have a Trust Agreement that shows they are the ones who control the Trust (trustees) and therefore can act as agents of that Trust (like a CEO of a company). If you need the co-trustee removed, you must dissolve or modify the trust agreement removing the co-trustee. Then they must sign with you on a Grant Deed that deeds the home from one Trust to another. In our example, Tom would dissolve or modify the Tom and Martha Living Trust into the Tom Living Trust. Then he and Martha would sign a Grant Deed which took the house from the Tom and Martha Living Trust and gave it to the Tom Living Trust. If the co-trustee is deceased, the vesting of the home need not be changed. The Trust agreement should contain language that leaves control of the trust with the surviving trustee.
