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28 July 2022 | 5 replies
(I would really like to avoid that.)The alternative would be to exchange it into an irrevocable trust.
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2 April 2023 | 10 replies
Investor, on Investor’s own behalf or on behalf of its successors and assigns(collectively, “Releasors”), hereby unconditionally and irrevocably releases and forever discharges Legacy POL, POL SPV and each of their respective past, present, and future direct and indirect representatives, officers, directors, employees,affiliates, relatives, stockholders, controlling persons, subsidiaries, successors, and assigns (individually, a “Releasee” and collectively, “Releasees”) from any and all claims, actions, causes of action, orders, obligations, contracts, agreements, debts, damages, and liabilities whatsoever, whether known or unknown, accrued or unaccrued, suspected or unsuspected, both at law and in equity (collectively, “Liabilities”), which any Releasor now has, has ever had, or may hereafter have against any Releasee for, upon or by reason of any matter, cause, or thing whatsoever arising out of or relating to thePurchased Notes or the other Purchased Assets, any amounts owed on or rights arising under or with respect to the Purchased Notes, the Indenture, the Underlying Loans, the Crowd Platform or any transaction or agreement contemplated thereby or related thereto (collectively, the “Released Liabilities”).
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17 April 2023 | 5 replies
@Chris MasonInterestingly, the attorney who prepared my family s living will & power of attorney just declined my offer to hand him money to set up a living trust- revocable or irrevocable.
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29 October 2019 | 3 replies
At some point will an irrevocable trust be required for age related protection of assets.
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10 July 2019 | 31 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.History.
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15 April 2015 | 3 replies
I also have to get an irrevocable line of credit from my bank first, then work through the insurance company.Has anyone here done this before?
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22 February 2023 | 6 replies
You mentioned "trustee" so are the properties in a now irrevocable trust?
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5 April 2023 | 1 reply
If you are interested in limited liability protection, and you still want to have a Trust, options like a Statutory Trust or an Irrevocable Trust are going to give you that benefit in a way that a revocable Trust cannot provide.
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27 July 2020 | 5 replies
You don’t want to crisscross your liability and increase your exposure.You use irrevocable land trusts inside the entity to obtain greater anonymity..If I had to do it, I’d only have the holding company if I wanted the greater anonymity and was going to be doing more serious type investing.
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7 May 2022 | 9 replies
If the property is owned in an irrevocable trust, then you need a competent tax professional to review the trust agreement and give you advice as to whether or not the property can be distributed from the trust.