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Estate Planning for unmarried couple
you said "not possible to do what" earlier, there were 2 points you made - borrower is and remains a beneficiary and which does not relate to a transfer of rights of occupancy in the property and what i am saying is that i would argue the point that it is not possible to do either one of...- TrustUser
- Post #21
- Forum: Wills, Trusts and Estate Planning
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Estate Planning for unmarried couple
re-read what you said. your second iteration of the occupancy mentioned nothing about rights. but i figured you meant that, so i was verifying it "by which the lender will be assured of timely notice of any subsequent transfer of the beneficial interest or change in occupancy." this...- TrustUser
- Post #20
- Forum: Wills, Trusts and Estate Planning
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Estate Planning for unmarried couple
a quick note - you first talk about a transfer of rights of occupancy. and then you simply say change in occupancy. i am assuming that the second iteration was meant to say change in rights of occupancy. if you are claiming that the person has to actually reside in the property, then i think...- TrustUser
- Post #18
- Forum: Wills, Trusts and Estate Planning
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Estate Planning for unmarried couple
in fact, i might even go a step further and argue that it is not possible to do what you are suggesting, if the grantor has the right to revoke the trust ?- TrustUser
- Post #17
- Forum: Wills, Trusts and Estate Planning
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Estate Planning for unmarried couple
thanks tm, but that is just as i thought. just about all typical rlts, do this. i am not arguing that you should not tell people about it. but the overwhelming percentage of people making rlts, are simply placing their assets in trust, so that they can be distributed to their kids, or...- TrustUser
- Post #16
- Forum: Wills, Trusts and Estate Planning
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Estate Planning for unmarried couple
i was under the impression that all rlts qualify, as far as the due on sale clause. the ones that dont qualify - is that a needle in a haystack, or is there really any sizable amount that do not qualify ? if so, please give an example of any typical rlt that would not qualify.- TrustUser
- Post #13
- Forum: Wills, Trusts and Estate Planning
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Inheriting a shared interest in Texas
if it is placed in trust, there are an almost endless number of options. if i am dad, and aware of the situation, i would probably do something to the following. the property in question has been appraised for 1 million dollars on mm/dd/yyyy. a copy of the appraisal is in the trust folder...- TrustUser
- Post #8
- Forum: Wills, Trusts and Estate Planning
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Inheriting a shared interest in Texas
a well written trust specifies how things are to be handled, so that there are no arguments. that is especially important when assets are being shared. i would approach your dad with your concerns, so that he is aware of them, while he makes his final decisions. it is almost never a good idea...- TrustUser
- Post #5
- Forum: Wills, Trusts and Estate Planning
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Grandfathers Death but no Will.
in order for others to help, they will want to know what state you are in- TrustUser
- Post #2
- Forum: Wills, Trusts and Estate Planning
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lost trust
a trust is a private document. you would not find it at a recorder's office. what you can find at the recorder's office is how the house is currently titled ? when you say that the house was transferred to you during a refinance, that makes it sound like it is no longer in your mom's old...- TrustUser
- Post #5
- Forum: Wills, Trusts and Estate Planning
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EIN for newly irrevocable living trust, what's in a name?
hi tm, i think i can buy that. i wasnt really worried about the trusts being created on the same date. rather that someone might want to make enough changes to his trust document down the road, that he creates a new document with all the changes, but leaves the name the same. i am not at all...- TrustUser
- Post #7
- Forum: Wills, Trusts and Estate Planning
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EIN for newly irrevocable living trust, what's in a name?
personally, i would just wait for escrow to send you whatever they want you to sign, when you are in escrow with the property. if you are using a realtor to sell it, i would tell them about it when you hire them. most realtors have escrow companies they like, and officers that they can get...- TrustUser
- Post #5
- Forum: Wills, Trusts and Estate Planning
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EIN for newly irrevocable living trust, what's in a name?
hi tm, it is my opinion that a trust should always have a date attached to it. property should also be titled with a date. i do agree that the word revocable should not have been used in the title. i do something like the following : this revocable trust agreement has been executed between...- TrustUser
- Post #3
- Forum: Wills, Trusts and Estate Planning
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lot in arkansas
thanks to all who contributed. i called my realtor. he told me there would be 1100 commission and closing costs. the lot was not worth that much, in sales price - LOL. so all in all, it was my best solution. gosh, coming from california, where everything is worth a small fortune, i cant...- TrustUser
- Post #27
- Forum: Wills, Trusts and Estate Planning
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lot in arkansas
the hoa has agreed to take the lot. so i am just gonna get rid of it, that way. that is about as simple as it can be, for me- TrustUser
- Post #25
- Forum: Wills, Trusts and Estate Planning
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Trust question
that is a difficult situation. your dad must have felt that you needed a lot of strong love. but having that sort of trustee in charge of that much money, is a dangerous proposition. it is too bad that your dad did not have a trustworthy relative who could have served as trustee. there...- TrustUser
- Post #30
- Forum: Wills, Trusts and Estate Planning
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lot in arkansas
in taking a bigger look, about 40% of the lots have houses on them - i need to talk to my realtor. i will get back with you to let you know how things turned out thank you- TrustUser
- Post #21
- Forum: Wills, Trusts and Estate Planning
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lot in arkansas
what seems strange to me is that my dad purchased this lot approximately 40 years ago - why are there still so many vacant ones ?- TrustUser
- Post #20
- Forum: Wills, Trusts and Estate Planning
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lot in arkansas
the hoa guy sent me a clip of the google maps. there are 3 vacant lots next to mine. and 3 vacant lots on the other side of my neighbor. the 2 streets above and below me each have more houses. but it does seem like there are more vacant lots than houses.- TrustUser
- Post #18
- Forum: Wills, Trusts and Estate Planning
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lot in arkansas
yes, it is priced too high - i found that out.- TrustUser
- Post #17
- Forum: Wills, Trusts and Estate Planning
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