Does One Really Need A Friend or Neighbor To Create The Trust - Can We Use A Family Member
Yes, one must use a friend or neighbor in order to pass The Control Test. A family member, partner (even if homosexual marriages are not legal in your state) or significant other is considered "too close" to pass The Control Test.
Can Anyone Trust The Grantor / Friend / Neighbor - What If They Try To Steal The Trust's Assets
If a grantor/friend/neighbor tries to make a grab for a trust's assets - do not worry. A trust means the grantor must lose ownership AND control. Finally, what will a grantor care about signing a piece of paper granting a grain of sand to The Board ...
Can A Trust Be The Grantor of Another Trust
Yes, a sui juris (independent) trust can be the grantor for another trust; however, there are often complications that arise from such a structure. Many often use this type of trust to create a trust web, which could inadvertently create multiple ...
Do I Need A Trust For This
No, but it's highly recommended for free court filings (saving $200+ per lawsuit). NOTE: If in foreclosure, one must have the trust to even have a chance at beating the banks from taking the home.
If Trust Requires 3 Trustees - Can One Use The Same Trustees For All Trusts
Yes, one can use the same trustees for all trusts created. The legal reasoning behind having (3) trustees, is due to the fact that having 50% control or more of a trust as trustee can lead to undesirable results when defending a trust in court. ...
What Is The Difference Between a Will and Trust
Wills May Turn Your Heirs Gray! Think about who distributes the money: a network of accountants, lawyers, appraisers, administrators, trustees, executors and…the courts. When do you get the money? ‘After’ everyone else gets theirs ‘After’ all ...