What Does "RES" Mean In Trust Res
Trust property is also known as the “trust res” or “corpus.”
How Would The Purchase of Property, Home or Car Work With Trust
The trust can outright purchase the asset with cash/credit or it can seek financing - this requires building corporate credit. In most scenarios, someone will personally apply for a loan and then transfer the asset into the trust via a Quitclaim Deed ...
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 ...
How Does One Transfer Assets (Home, Car, Etc.) Into Trust
If the Grantor is the equitable/legal title holder of the asset, it may be granted into the Trust (without a necessity for probate). No matter the asset, it can be granted into the Trust's ownership. Passing assets to heirs can be done by a ...
Spouse Jointly Own Property - How Does It Go Into The Trust
All parties must agree to place property (or any shared asset) into a trust; however, when owned in shares, an individual may transfer their portion into the trust without consent of the other parties, unless contractually barred from doing so. Upon ...
How Is Trust Res Distributed at Termination to Beneficiaries and Capital Certificate Holders
Those details are covered inside the Indenture, specifically: 8.04 Ownership of Capital Certificates shall not entitle the Exchanger to any legal or equitable title in the Trust, nor to any undivided interest therein, nor management thereof, except ...