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15 May 2011 | 7 replies
The will provides that part or all of the decedent's estate will go to a trustee who is charged with administering the trust property and making distributions to designated beneficiaries according to the provisions of the trust.To create a legal trust you will need a trustor, trustee, beneficiary, trust property and trust agreement.You can be appointed as Trustee and run all the day to day business affairs of the Structure or you can appoint another.The trustee has no personal liability in their capacity so long as they operate within the bylaws of the contract on behalf of the trust.A trustee normally will act in accord with the express terms of the trust instrument; act impartially, administering the trust for the benefit of all trust beneficiaries; administer the trust property with reasonable care and skill, considering both its safety and the amount of income it produces; maintain complete accounts and records; and perform taxpayer duties, such as filing tax returns for the trust and paying required taxes.When using a land trust it is best not to name yourself as trustee because A trustee in general must administer the trust property only for the designated beneficiaries and may not use trust principal or income for his or her own benefit.
29 April 2023 | 4 replies
This is basically an essentially Mexican affair.
2 February 2019 | 2 replies
The reality is if you can't manage your financial affairs real estate is not likely the solution.
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30 June 2023 | 6 replies
Hello Andrew,I mean Veteran Affairs.
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1 July 2023 | 6 replies
YES you can sell the house at anytime during probate BUT the Personal Representative/Executor must finish probate to close out all the affairs, debts and obligations of the estate.
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29 December 2020 | 14 replies
@Brad Kanouse, as mentioned, your financial affairs are the most pressing.
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6 July 2023 | 4 replies
For example an elderly person might give power of attorney to a child to handle their affairs.
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21 June 2023 | 2 replies
The docs then go to the relevant govt. department (here it's the Department of Foreign Affairs and Trade) to have an Apostille affixed.
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17 July 2023 | 18 replies
And when I do go back, it's now a planned affair.
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11 December 2012 | 3 replies
I was wondering if anyone has any experience in renting their properties to Veterans? I heard some where that the VA will guarantee rent up to XYZ or something of that nature.
Does anyone know of the program, or how ...