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Can an irrivocable trust be used to keep land in a family so doesn't have to sell to pay for nursing home?
Yes. However, the trust should be drafted by an attorney who specializes in trust law, estate planning and tax law.
What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
What does share held in trust mean?
Shares held in trust refer to equity ownership that is managed by a trustee on behalf of one or more beneficiaries. The trustee is responsible for making decisions regarding the shares, such as voting and managing dividends, in accordance with the terms of the trust agreement. This arrangement can provide benefits such as asset protection, estate planning, and tax advantages. Ultimately, the beneficiaries are entitled to the economic benefits of the shares once the trust's terms are fulfilled.
Can a living trust hold title to a home if the beneficiary of the trust dies?
Generally yes. However, you need to review the terms of the trust for instructions regarding the disposition of the property. Each trust has its own provisions that must be followed.Generally yes. However, you need to review the terms of the trust for instructions regarding the disposition of the property. Each trust has its own provisions that must be followed.Generally yes. However, you need to review the terms of the trust for instructions regarding the disposition of the property. Each trust has its own provisions that must be followed.Generally yes. However, you need to review the terms of the trust for instructions regarding the disposition of the property. Each trust has its own provisions that must be followed.
Can your grandmothers living trust will be changed?
Your grandmother needs to review the trust document to see if she reserved the right to make amendments to the trust. The trust document provides all the powers that can be exercised regarding the trust.
What happens when the beneficiary of the irrevocable trust dies?
It depends on the terms of the trust. You'll have to read the trust and find out. Sometimes, the benefits pass to the decedent's children. Sometimes, the benefits lapse. Sometimes, they pass to someone completely different.
Is it possible to have a friend with benefits and not fall for them?
no its impossible trust me i have tried
What are the problems regarding boy girl relationship?
Honesty. Trust. Disagreement. Respect.
What are some benefits to putting a deed into a trust?
A trust deed is a document that lists all the beneficiaries and rules for how the trust is managed and how the trustees can distribute everything that is in that trust, which also includes who and when they get it.
Many white prgressives did not care about reforming?
President Taft continued policies Roosevelt started. Most important the anti-trust policies. He had 90 Anti-trust suits.
Can social security disability benefits be garnished if you have a trust fund at the bank?
no
When a donor makes a gift in trust who is considered the donee?
When a donor makes a gift in trust, the donee is typically the beneficiary of that trust. This is the individual or entity designated to receive the benefits or assets held within the trust according to the terms set by the donor. In some cases, the donor may also serve as the donee if they retain certain rights or benefits from the trust during their lifetime.
