jgargano03
Member
What is the name of your state? Connecticut.
My sibilings and myself are the beneficiaries of a trust, and my father is the trustee. When I was about 11 years old, before the trust was established it was owned by my grandfather, and my father owned a loan shark $10,000. The loan shark put a lien on the house in which my father legally didn't own, and still doesn't own now but is the trustee. Would we be able to take the lien off the house because my father never had ownership of the property or is a trustee basically the same as a power of attorney, and we assume all risks? I still think there is a loop hole, at the time that the judgement was placed, the property belonged to my grandfather, and not my father. I believe the confusion made by the court is in our first names which are all the same. Could someone give me some help on this matter, and clarification on the law?
My sibilings and myself are the beneficiaries of a trust, and my father is the trustee. When I was about 11 years old, before the trust was established it was owned by my grandfather, and my father owned a loan shark $10,000. The loan shark put a lien on the house in which my father legally didn't own, and still doesn't own now but is the trustee. Would we be able to take the lien off the house because my father never had ownership of the property or is a trustee basically the same as a power of attorney, and we assume all risks? I still think there is a loop hole, at the time that the judgement was placed, the property belonged to my grandfather, and not my father. I believe the confusion made by the court is in our first names which are all the same. Could someone give me some help on this matter, and clarification on the law?