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What else can I help you with?
Can a condominium board deny your right to sell your condo and buy it themselves?
Yes. It is common for a Master Deed or Trust of a condominium to reserve the right of first refusal when any owner decides to sell their unit. That means the board must be given first priority to purchase the unit. Read through your copy of the Master Deed and Trust looking for any "right of first refusal language".
Can a trustee sell assets in a irrevocable trust when the decease owns 99 percent of the property named in the trust?
You must review the terms of the trust to determine the powers of the trustee. If you still have questions then you need to consult an attorney who specializes in trust law.On one point you seem to be confused. A decedent cannot be the owner of 99% of the property in a trust. The property is owned by the trust. The most common purpose of a trust is to remove property out of a person's estate (the grantor) so that the property bypasses probate.Once a person transfers her property to a trust, it is managed by a trustee according to the terms of the trust. A properly drafted trust has provisions that direct the distribution of property after the death of the grantor.
What is a residual trust?
A residual trust is known as the A-B trust. It its set up to handle someones estate and allow for part of it to be used for the spouse.
What does a surviving spouse have to do to remove the other spouse from a trust?
You cannot be the surviving spouse of a trust. A trust is a legal arrangement set up to hold title to property. Any trust is managed by the provisions set forth in the document that created the trust. You need to review that document. If no one has a copy then you may need to get a court order to make changes.
In what year did Hersha Hospitality Trust - HT - have its IPO?
Hersha Hospitality Trust (HT)had its IPO in 1999.
When was Unit Trust of India created?
Unit Trust of India was created in 1963.
What is unauthorised modification?
Unauthorised modification is changing the contents of a file without the granted permission
What exactly is meant by Unit Trust?
Unit Trust is a type of collective investment found in countries such as Australia, Ireland, United Kingdom and parts of Africa. Unit Trust was first founded in the United Kingdom in 1931.
What is a Unit Investment Trust or UIT?
when two people unit with each other as one and belive in each other with trust and faith.
What is a sentence for unauthorized?
Unauthorized access was prohibited. So we came back.
Definition and function of unit trust?
is an investment fund established under a trust deed whereby the trust sells units in the in the trust to investors.
What is the fullform of the UTI Bank?
Unit trust of india
What is full form the uti?
Unit Trust of India
What is the objective of unit trust of India?
i did not get the answer yet i did not get the answer yet
Several companies managed as a single unit?
A trust
Several companies managed as a single unit is?
A trust
Difference between unit trust and mutual fund?
The major difference between a Unit Trust and a mutual fund is that a mutual fund is actively managed, while a unit investment trust is not managed at all. Capital gains, interest and dividend payments from the trust are passed on to shareholders at regular periods. If the trust is one that invests only in tax-free securities, then the income from the trust is also tax-free. A unit investment trust is generally considered a low-risk, low-return investment. Some investors prefer Unit Trusts to mutual funds because Unit Trusts typically incur lower annual operating expenses (since they are not buying and selling shares); however, Unit Trusts often have sales charges and entrance/exit fees. Mutual funds can be open ended or close ended. But unit trusts are open ended instruments.
