What is the name of your state (only U.S. law)? MA
I am trustee of a family trust that holds title to a single family home. My brother and I are beneficiaries of the trust. My brother lives there with his girlfriend. The house is insured with a standard home owner policy with the insured being the trust and my brother as an additional insured. There is 500K of personal liability coverage on the policy. I am concerned if the girlfriend had an accident on the property and filed a claim or lawsuit against the trust or me as trustee. Will the policy cover such a situation? She is not a tenant since there is no lease in place.
Can the trustee of a trust that owns a home ask a non beneficiary (the girlfriend) of the trust who lives in the home to sign a waiver that releases the trust or trustee from liability arising from a slip and fall or any other incident related to occupying the house as a condition of that occupancy.
I am trustee of a family trust that holds title to a single family home. My brother and I are beneficiaries of the trust. My brother lives there with his girlfriend. The house is insured with a standard home owner policy with the insured being the trust and my brother as an additional insured. There is 500K of personal liability coverage on the policy. I am concerned if the girlfriend had an accident on the property and filed a claim or lawsuit against the trust or me as trustee. Will the policy cover such a situation? She is not a tenant since there is no lease in place.
Can the trustee of a trust that owns a home ask a non beneficiary (the girlfriend) of the trust who lives in the home to sign a waiver that releases the trust or trustee from liability arising from a slip and fall or any other incident related to occupying the house as a condition of that occupancy.