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What are the different types of trust accounts available for managing assets and funds?
The different types of trust accounts available for managing assets and funds include revocable trusts, irrevocable trusts, living trusts, testamentary trusts, and special needs trusts. Each type has specific features and benefits depending on the individual's needs and goals.
Are you an executor to a will for ever?
Depends on the case. In the irrevocable trust or a trust after the person dies neither are revocable. If the executor doesnt act properly they can be removed by a judge. Once all of the funds are giving out of the will there is no longer a executor.
Can an escrow account be garnished in a lawsuit?
Yes, an escrow account can be garnished in a lawsuit, but it depends on the specific circumstances and the nature of the funds held in the account. If the funds are determined to be subject to the plaintiff's claim, a court may allow garnishment. However, if the funds are held in trust or are otherwise protected from creditors, they may be exempt from garnishment. It's essential to consult legal counsel for specific situations.
What is the plural of trust funds?
Trust Funds, is the plural of trust fund. "Trust funds" is already plural.
Can federal work study income be garnished?
No. Federal work study funds are for educational expenses only and cannot be garnished.
Is there a minimum for garnished funds to be returned when a bankruptcy is filed?
Garnished funds will NOT be returned to you. If it was a significant amount, the bk Trustee can claw back that money and use it to pay your creditors. Otherwise, that money is gone.
Can your home be garnished if jointly owned by your wife?
A home cannot be garnished. Your wages or bank account could be garnished. Your home would be liened. Whether or not a lien can be placed depends on who is seeking funds from you and why.
Does the state of Missouri allow Health Savings Account funds to be garnished?
yes
When do you get garnished child support check in mail?
Most garnished support is sent to a State disbursement unit. How quickly it's distributed depends on factors such as how quickly the employer or other payor of income forwards the garnished funds, the level of efficiency of the disbursement unit, whether there is an appeal pending in that matter, and whether the State is owed some of all of the garnished funds.
When do you receive garnished child support check?
Most garnished support is sent to a State disbursement unit. How quickly it's distributed depends on factors such as how quickly the employer or other payor of income forwards the garnished funds, the level of efficiency of the disbursement unit, whether there is an appeal pending in that matter, and whether the State is owed some of all of the garnished funds.
What is the meaning of 'trust' when referring to mutual funds?
Trust is entity that owns the mutual funds.
When will your garnishment funds be returned?
If they have been legally garnished (the garnishment was sanctioned by a court) then they will not be returned.
