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Who can be a Trustee of a Trust? Another Trust? DBA?
we were talking about revocable trusts. i was aware of irrevocable trusts. with regard to anonymity, most people just want to avoid searches at the county. but as ron and i discussed, there are pitfalls in trying to do so in my case, i concluded that the pitfalls were much worse than the...- TrustUser
- Post #30
- Forum: Wills, Trusts and Estate Planning
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Who can be a Trustee of a Trust? Another Trust? DBA?
yea, that's for sure. i just returned to my standard trust document, with me as trustee - and forgot about the anonymity angle not until a person dies is there any good protection for trust assets- TrustUser
- Post #28
- Forum: Wills, Trusts and Estate Planning
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Who can be a Trustee of a Trust? Another Trust? DBA?
hi ron, i understand that. i also played that game. but what i am saying is that the whole dang trust could be shot down, period. your idea of a 3rd party is a good one. if you have a relative you can trust. but doing a land trust (as was mentioned in a previous post) is not something i...- TrustUser
- Post #26
- Forum: Wills, Trusts and Estate Planning
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Who can be a Trustee of a Trust? Another Trust? DBA?
i am familiar with land trusts. i still say that push come to shove, a land trust could get shot down in court. many land trusts (if not all of them), allow the beneficiary TOTAL CONTROL. it is just a scheme to remove your name from title you wont be able to get title insurance on the...- TrustUser
- Post #24
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
i think we could have a separate discussion on how things should be. i am of the personal opinion that people get a lot more than they should, which is just one of the reasons why i would not have a will however, if we look at the work being done, it generally has nothing to do with whether...- TrustUser
- Post #15
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
hi tm, thanks for re-affirming my like for trusts - LOL- TrustUser
- Post #13
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
i am more familiar with trusts, than i am with wills. in a trust, it is common for the trust document to talk about trustee fees. why wouldnt the executor and lawyer be entitled to a fee for their work ?- TrustUser
- Post #11
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
because commission fees are generally not calculated that way- TrustUser
- Post #9
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
i doubt if this was any different than what would normally occur in a sale. assuming there was 60% owner's equity, there would be plenty of funds to pay off everyone completely. and then your mom's estate would have gotten the remainder. my guess is that a reverse mortgage would not affect...- TrustUser
- Post #7
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
dont confuse "method payment calculation" with order of payment most commissions in normal sales are based upon the gross agreed to price- TrustUser
- Post #5
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
like i said, all entities were probably paid back at the same time- TrustUser
- Post #4
- Forum: Wills, Trusts and Estate Planning
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Legality of Executor and Lawyer Percentage with Home Reverse Mortgage?
most likely, all 3 entities were paid at the same time, thru normal escrow procedures (executor, lawyer, and bank)- TrustUser
- Post #2
- Forum: Wills, Trusts and Estate Planning
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Gifts of Residue
what bothers me is that it leaves an uncertainty in my mind that the will did exactly what the testator wanted it to do ? if we interpret the will as was done, then it is clear that the testator favored neither set of kids (from brother or sister) yet 1 set of kids ends up getting completely...- TrustUser
- Post #15
- Forum: Wills, Trusts and Estate Planning
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Gifts of Residue
gosh, that will was written terribly. i would have made it a lot clearer as to what i wanted to do this was a substantial amount of property- TrustUser
- Post #14
- Forum: Wills, Trusts and Estate Planning
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Notarizing will and POA
when i did pour-over wills, i was always able to get employees from the credit union, to act as witnesses- TrustUser
- Post #11
- Forum: Wills, Trusts and Estate Planning
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California Transfer Upon Death Deed
i am familiar with the form. if i cant get it done as part of the closing process, then i think i will just have it placed in my name, and leave it like that. i dont mind a one-time inconvenience to place a lifetime property in a separate trust. but doing it every 3 months, just in case i die...- TrustUser
- Post #17
- Forum: Wills, Trusts and Estate Planning
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California Transfer Upon Death Deed
i have my own trust that takes care of me. it has language in it for when i get incapacitated, etc. etc. i also have a trust created for my beneficiaries, with only language in it that takes care of them. i plan to have every real property in its own separate trust. so when i die, i will...- TrustUser
- Post #15
- Forum: Wills, Trusts and Estate Planning
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California Transfer Upon Death Deed
no one person is inheriting my property. i plan to keep it in trust, and distribute the income to my beneficiaries, while the corpus remains intact at least while there is enough of a corpus to distribute amongst the beneficiaries (i am guessing a couple generations). actually, i was hoping...- TrustUser
- Post #13
- Forum: Wills, Trusts and Estate Planning
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California Transfer Upon Death Deed
what i wanted to do is use a tod, and title it in my name the beneficiary would be the trustee of abc trust (a trust that i have already created) so that if i died, while i owned some property that i was flipping, that property would automatically get placed in my trust - from which all...- TrustUser
- Post #11
- Forum: Wills, Trusts and Estate Planning
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California Transfer Upon Death Deed
yes, that is why i said there may or may not make any difference while i am alive.- TrustUser
- Post #9
- Forum: Wills, Trusts and Estate Planning
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