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MBT Massachusetts business trust is set up in Massachusetts. However, the trust is not necessarily operated in Massachusetts alone, and can extend to other states.
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What is the ticker symbol for California Bank and Trust?
California Bank & Trust is a subsidiary of Zions Bancorp. The ticker symbol for Zions Bancorp is ZION. It is traded on the Nasdaq.
What bank has routing number 552077772?
The routing number 552077772 is associated with the California Bank & Trust. Routing numbers are used to identify financial institutions in the United States for various transactions, including wire transfers and electronic payments. If you need further information about the bank, consider checking directly with California Bank & Trust or their official website.
Are children responsible for credit card balances of a deceased parent in Massachusetts There is a living trust. No mortgage.?
The Uniform Trust Code contains provisions relating to liability of a revocable trust for payment of the grantor's debts. The definition of revocable clarifies that revocable trusts include only trusts whose revocation is substantially within the grantor's control. The trust remains revocable until the grantor's death. Upon the death of the grantor the trust becomes irrevocable and not responsible for the payment of the grantor's debts. Any assets of the estate are not protected from debts, as the now irrevocable trust's are, and must be used to pay debts until the estate, not the trust, becomes insolvent.
Can a spendthrift trust be used to purchase property?
Yes, a spendthrift trust can be used to purchase property. The trust holds assets for the benefit of a beneficiary while protecting those assets from the beneficiary's creditors and from the beneficiary's own financial mismanagement. The trustee can acquire property on behalf of the trust, and the property will be owned by the trust rather than the beneficiary directly, ensuring it remains protected under the terms of the spendthrift provision.
Trust Letter to Bank or Broker?
Get StartedAt any time after creating and signing a Living Trust document, assets must be transferred into the Trust. A Living Trust only applies to the assets that are actually transferred into the Trust. This letter is used to request the transfer of your bank account, brokerage account or individual securities to your revocable Living Trust.
The grantor in the establishment of a revocable trust lived in a different state than today does this affect the validity of the trust?
That depends on where the property in the trust is located and the state laws under which the trust was drafted. For example, A trust drafted in California would also need to meet the requirements of Massachusetts trust law if it held real property located in Massachusetts. The trust would need to meet those requirements (of Massachusetts) in order for the deed out from the trust to be valid. Trusts that are acceptable in some states are not acceptable in others. There are many instances where trusts from other states have been used to hold title to Massachusetts property. If the trust doesn't meet Massachusetts trust requirements the trust fails, the trustee may hold the property as an individual or the property may remain in the estate of the "trustor". In cases where the trust fails and the "trustor" died, the estate must be probated. Trusts are not to be taken lightly. An improperly drafted trust can reate a costly legal quagmire.
When was the Massachusetts Investors Trust founded?
The Massachusetts Investors Trust was started in 1924
Was the Massachusetts Investors Trust founded in 1924?
The Massachusetts Investors Trust was started in 1924
Does a trust have to be written?
To be valid a trust must be in writing and meet certain statutory requirements. A trust that holds title to real estate generally must conform to the requirements of the laws of the state where the land is located regardless of where the trust originated. That means that if you live in California and draft a California trust that will hold title to land in Massachusetts, the trust must conform to Massachusetts law. A "constructive trust" can be imposed by a court to prevent unjust enrichment or to redress a wrong.
What was the Massachusetts Investors Trust?
The Massachusetts Investors Trust was the first American open-end mutual fund
What is the symbol for BlackRock Massachusetts Tax-Exempt Trust in the AMEX?
The symbol for BlackRock Massachusetts Tax-Exempt Trust in the AMEX is: MHE.
How many hours does it take to drive from Massachusetts to California?
How many days does it take to drive to California from Massachusetts
In what year did BlackRock Massachusetts Tax-Exempt Trust - MHE - have its IPO?
BlackRock Massachusetts Tax-Exempt Trust (MHE) had its IPO in 1993.
Is California a Commonwealth?
No. California is a State. Massachusetts is a Commonwealth.
Who has more earthquakes California or Massachusetts?
California has more earthquakes than Massachusetts. California sits on the Pacific Ring of Fire and is located on several active fault lines, making it more susceptible to earthquakes compared to Massachusetts, which has less seismic activity.
What is the symbol for Eaton Vance Massachusetts Municipal Income Trust in the AMEX?
The symbol for Eaton Vance Massachusetts Municipal Income Trust in the AMEX is: MMV.
What is the distance between California and Massachusetts?
The flight distance from California (CA) to Massachusetts (MA) is: 2,586 miles / 4,163 km
