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...
In contrast, a trust deed involves three parties: a borrower (or trustor), a lender (or beneficiary), and the trustee. The trustee holds title to the lien for the lender's benefit; if the borrower defaults, the trustee will initiate and complete theforeclosureprocess at the lender's reques...
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 ...
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 ...
If you are not changing your name because of marriage or divorce, obtain a "Petition to Change Name" form from your local clerk of court. File your petition with the clerk of court. You must include a substantial reason for wanting to change your name and a copy of your birth certificate...
Obtain a certified copy of the death certificate from the county clerk. This document is often required to establish to third parties that you are authorized to act as the successor trustee. Prepare a trust certificate to give to others holding estate property, such as banks, as well ...
A unit trust is an unincorporated mutual fund that holds assets and distributes profits to individual unit owners instead of reinvesting into the fund. A unit trust is established under a trust deed, with the investor as the beneficiary. Unit trusts often include diversified portfolios and are ...