You check the property in the land records office to determine the identity of the present owner. You could also try checking the local tax assessor's records for the present owner.
You check the property in the land records office to determine the identity of the present owner. You could also try checking the local tax assessor's records for the present owner.
You check the property in the land records office to determine the identity of the present owner. You could also try checking the local tax assessor's records for the present owner.
You check the property in the land records office to determine the identity of the present owner. You could also try checking the local tax assessor's records for the present owner.
Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.Trust property.The title to the trust property is held by the trustee.
Yes. There are circumstances whereby a court can order the transfer of property held in a trust.
Trustee is not the owner of the property and hence he will have no right to sell the property held under trust.
No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.No. The property in a trust is held in the name of the trustee of the trust. It may be possible to amend the trust to include another trustee. Such actions should be done by an attorney.
The trustor is the person who executes the trust and transfers their property to the trustee. Since a trust cannot act for itself, the trustee is the entity named by the trustor to manage the property held by the trust. The trustee holds title to the trust property.
Can you protect your assets from bankruptcy by placing them in an irrevocable trust?
No. Property can be held in trust for the minor until they reach the age of majority.
Generally, any trust that holds title to real property must meet the requirements of the jurisdiction where the real estate is located. You should direct your question to an attorney who is an expert in trust law.
If the trust is drafted properly by an expert in trust law, the property should not be vulnerable to creditors. For any trust needs or questions one should consult with an expert in trust law.
A minor cannot own real property. It could be held in a trust for the minor.
Wills and trusts act indepently of each other. Whatever property is in the trust will pass according to the terms of the trust. The will only controls those items of property which were individually owned by the decedent at the time of their death. Trust property would not be included in the estate.
A property trust affidavit typically indicates that the property is held in a trust, which may involve a mortgage if the trust has borrowed funds to acquire or refinance the property. The affidavit often outlines the trust's ownership and its obligations, including any outstanding debts secured by the property. If a mortgage exists, it would be recorded against the property, and the affidavit would acknowledge this financial encumbrance. Therefore, the presence of a mortgage can be inferred from the terms outlined in the property trust affidavit.