Copy the property description from the original deed of trust on the form in the spot for the description. The description is the land measurements of the real estate in words. Take the deed of trust assumption form to a notary public. The beneficiary must sign with a notary present so the...
Atrust beneficiary has rightsand can bring legal action against the trustee inprobate courtto obtain a full trust accounting, force the trustee to make a distribution, or even have the trustee removed, which can get costly if an estate attorney is involved. ...
Learn about the probate process – applying for a grant of probate, administering an estate, paying inheritance tax, and what to do if there isn't a will.
1. If the hospital doctor is aware of the cause of death then they will issue the Certificate. The doctor may want to carry out a post-mortem but the doctor has to obtain the permission of the nearest relative. If the post-mortem is required purely for the satisfaction of the doctor or...
A trust is a legal arrangement that allows property to be held for the benefit of a named beneficiary. There are a variety of trusts that can fit almost any legal purpose. However, if a trust is not a grantor trust or the trust is created by two or more people, you will need to se...
and submit a list to probate court. If the deceased bequeathed any item specifically to one individual, such as a grandfather clock or an antique rocking chair, the executor will probably turn it over to that beneficiary early in the probate process. By the time you take possession of the ...
This structure provides an individual with a “present right to the present enjoyment” of something, so the trustee must pass on all trust income to the beneficiary as it arises (less any expenses and tax). This type of trust can give the “interest in possession” to a beneficiary for ...
In a title-holding land trust, the landowner signs a document called aDeed in Trust, which transfers legal property ownership. When setting up the trust, the landowner (who is both the trust grantor and the beneficiary) can specify how the land is to be managed, who has control over it,...
How does a Trust Fund Work? A trust fund, as an estate planning tool, enables individuals to legally move their assets to the beneficiaries with minimum fuss. Else, if a person dies without a trust in place, inheritors will almost always need the assistance of a court to obtain their inhe...
For example, by ingratiating the boss, an employee may be more likely to gain access to the valued resources the boss controls (Jones, 1964). Such self-interested motives are less apparent when an employee chooses to offer kindness to a lower-power beneficiary. Considerable research has ...