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What is the beneficiary in a trust?
the beneficiary in a trust is the person whom benefits from that which is held in trust.
Owned land but held little real power?
the second estate
Powers held by beneficaries of a trust?
The beneficiaries must review the provisions in the trust to determine the extent of their powers, if any.
How did the duke and the king plan to make money from the estate?
They held a public auction
What is the total value of all US real estate?
$34.5 trillion, approximately, as of 2010, held by individuals and businesses.
Are the debts of a trust payable out of the trust estate?
Yes, typically the debts of a trust are payable out of the trust estate. Creditors of the trust have the right to seek payment from the assets held within the trust before distribution to the beneficiaries.
In Florida can creditors collect from the deceased's estate when the house is held as a trust?
No.
Can a name be added to living trust property?
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 whole estate is in trust for the daughter of the deceased who is responsible for the credit card debts?
If the will provides that the estate shall be held in trust for a daughter that is called a testamentary trust. By law, the debts of the decedent will be paid first out of the assets of the estate. After the debts have been paid any remaining assets will then be transferred to the trust for the benefit of the daughter.
Is property held in trust subject to estate recovery by medicaid?
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.
Can title to property held in a foreign country be held in a trust for QPRT purposes?
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.
What percent was the First Estate from the French Revolution of the French Population?
The third estate held 97% [of which held 80% peasants] the Second estate held 1% and the First estate held 2%.
Can you hold ownership of real estate through a secondary contract without being on the deed?
NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.
Why was the estate general held?
the estate-general was held to discuss the high taxes in France.
Who has the legal title of the property in a trust?
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.
Does a Will supersede a previous Trust?
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.
What happens if the executor of a will is unable to locate one of the heirs?
If they know that the person exists, then they establish a trust on behalf of that person. The court will have to approve the trust. If there is no known beneficiary, the estate will escheat to the state.
