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Yes, a trust can be domiciled in a state different from the grantor's state of residence. This is typically done by establishing the trust in the desired state and appointing a trustee who resides in that state to manage it effectively. It's important to consider the legal and tax implications of establishing a trust in another state.

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What does state of domiciled mean?

The correct term is state of domicile. There is also a Certificate of Domicile by State. Domicile simply means a permanent legal residence. A person can have multiple temporary residences but only one domicile. An example is a person who lives in New York most of the year: it's the place where he is registered to vote, where he receives mail, and where he renews his vehicle registration and license. Perhaps he also has a temporary or vacation residence in Florida or South Carolina. New York is his state of domicile or his domiciliary state. Florida or South Carolina is the state of his temporary residence.


Can a settlor transfer property to trustee for the settlor and trustee?

Your question is assumed to be the following: May Sheila transfer her property to Judith as the trustee for the benefit of Sheila and Judith. Generally, the answer is yes but trust law is extremely complex and varies from state to state. If you transfer real property to your trust that is situated in another state than where you live, the trust must meet the requirements of THAT state. Trusts should always be drafted by an attorney who is an expert in trust law.


Can your wife have a domicile in Georgia while you have a domicile in South Carolina?

Yes, it is possible for spouses to have separate domiciles in different states. Domicile is established individually based on various factors, such as where each person resides, intends to remain permanently, and considers their true home. As long as both spouses have valid reasons for establishing domiciles in different states, it is legally acceptable.


What are difference between domicile and nationality?

Domicile refers to the place where an individual has their permanent residence or intends to make their permanent home, while nationality refers to a person's legal relationship to a particular country, typically as a citizen. Domicile can change based on where a person resides and intends to stay, while nationality is usually determined by factors such as birth, parentage, or naturalization.


Do heirs get a copy of the trust?

The specific answer depends on state law. I am in Missouri and we are Uniform Trust Code state. The law here states, in short, that a qualified beneficiary of an irrevocable trust is entitled to a copy of the trust. So, if the heirs are beneficiaries of the trust, they may be entitled to a copy. What state are you in?

Related Questions

Difference between country of incorporation country of domicile?

Incorporation test is a citizen of state or country by or under the laws of which it was created and exists without regard to the citizenship of its stockholders or members; Business domicile test, the business has the nationality of the state where it has its business domicile.


Is birth certificate enough for a person to be a domicile of a state?

yes


What is another word for shelter starting with the letter D?

domicile


What is another word for house that begins with the letter D?

Domicile


What is the definition of migratory?

Migratory means to move from one domicile to another on a regular basis.


What does state of domiciled mean?

The correct term is state of domicile. There is also a Certificate of Domicile by State. Domicile simply means a permanent legal residence. A person can have multiple temporary residences but only one domicile. An example is a person who lives in New York most of the year: it's the place where he is registered to vote, where he receives mail, and where he renews his vehicle registration and license. Perhaps he also has a temporary or vacation residence in Florida or South Carolina. New York is his state of domicile or his domiciliary state. Florida or South Carolina is the state of his temporary residence.


Do you have to have a will in every state in which you own property?

No, only the state in which you are "domiciled." A "domicile" is the place where a person 1) physically resides and 2) where he/she intends to remain indefinitely as and for his/her home. A person may have more than one "residence" (and thus legally reside there) but a person has only one domicile.


What is domicile in French?

The "domicile" is the generic term in the administration to indicate physical place you live in (your house, flat .... )un domicile - a home address


What is a synonym for domicile?

A synonym for domicile is legal residence. A domicile is a permanent, rather than a temporary, residence.


If the admin in a trust moves to another state before executing or probating the trust can another person from out of state perform it?

Only the person appointed by the court can handle a will, trust or inheiritance. If the appointee wishes to give up executor position then the court will assign someone else. In most states the executor does not have to be a resident.


How you check your domicile certificate by number?

how to check correctness of domicile certificate east delhi


What does country of domicile means?

The 'country of domicile' is the country of permanent, legal residence.