Personal representative:Also known as an executor, this individual is responsible for distributing assets according to the deceased person’s will. They can be involved in an estate and work with the trustee, but they do not have a direct role in a trust. Occasionally, the trustee and the p...
you will be your own trustee, so you keep full control of the property. You can buy, sell and refinance real estate just as you can when the property is not in your trust.
If you create a trust as part of your estate plan and are choosing a trustee, the same general attributes should apply. And if you struggle to identify someone in your personal life to serve as an executor or trustee, you can rely on a professional like an attorney or accountant, ...
you want a trustee who is knowledgeable about such things as real estate, market investing, and taxes. Of course, a trustee can always hire competent advisers but this will increase the expenses of the trust.
The federal threshold for a taxable estate is $11.7 million. However, states impose their own taxes which will impact a lot more people.
A trust fund is generally synonymous with a trust. All trusts are funded — assets (money, real estate, and more) need to be transferred into the trust in order for it to work. The only slight difference is that a trust fund may not pay out all the money and assets at once. ...
Who Is Named in a Deed of Trust? Three parties are named in a deed of trust. They are: Grantor or borrower: Owes borrowed money to the lender, and the property can be used as collateral for the loan. The trustee can sell the property if the borrower defaults on the loan. A...
aI'm a Grade 9 student in Hhainan province.I have a coassmeat named li Yao who is very naught and often plays tricks om others. 我是一名等级9学生在Hhainan省。我有名为是非常不存在,并且戏剧经常欺骗om其他的锂的一coassmeat姚。[translate]...
the trustee in conducting the case, an attorney that has represented the debtor, if in the best interest of the estate, and if such attorney does not represent or hold any interest adverse to the debtor or to the estate with respect to the matter on which such attorney is to be employed...
A successor trustee isnamed to step in and manage the trust when the trustee is no longer able to continue(usually due to incapacity or death). Typically, several are named in succession in case one or more cannot act. What does executor of estate mean?