nusingelila
Junior Member
re: California law
If I am the intended beneficiary of a trust (real estate), do I need to be concerned about the possibility that (a newly appointed trustee who is also a beneficiary of the same estate but of different property) a trustee can take out a mortgage or some kind of lien against the trust (property)? Can I be liable for such a lien even if I don't know about or approve such a lien? Is there a requirement for the trustee to either disclose or get my permission to create a lien? What happens if the mortgage/lien exceeds the value of the property when I am supposed to receive it? Or if the mortgage simply continues to exist regardless of value - am I required to either pay it or lose part of the property (i.e. am I responsible for the lien in any way if I never approved of it?).
If I am the intended beneficiary of a trust (real estate), do I need to be concerned about the possibility that (a newly appointed trustee who is also a beneficiary of the same estate but of different property) a trustee can take out a mortgage or some kind of lien against the trust (property)? Can I be liable for such a lien even if I don't know about or approve such a lien? Is there a requirement for the trustee to either disclose or get my permission to create a lien? What happens if the mortgage/lien exceeds the value of the property when I am supposed to receive it? Or if the mortgage simply continues to exist regardless of value - am I required to either pay it or lose part of the property (i.e. am I responsible for the lien in any way if I never approved of it?).