May 6, 2015
How would the deed to the trustee ordinarily be worded to transfer title to the trustee? “Sam Wilson and Martha Wilson, as trustees of the Wilson […]
May 6, 2015
How does a notary acknowledge the signature of the trustee? The title is vested in the trustee. Therefore, if the trustee is an individual or a […]
May 6, 2015
Who can be trustee? A trustee can be any individual who is not under a legal disability, or a corporation that has qualified to do a […]
May 6, 2015
What will the title company require if all the trustees have died or are unwilling to act? If the trustor is not able to appoint a […]
May 6, 2015
Can the trustee give someone a power-of-attorney? Only if the trust specifically provides for the appointment of an attorney-in-fact. Have a good one and let me […]
May 6, 2015
If there is more than one trustee, can just one join? Only if the trust specifically provides for less than all to sign. Have a […]
May 6, 2015
What will the title company require if a trustee holds the title to the property which is part of the trust? Title companies require a certification […]
May 6, 2015
Can a trust itself acquire and convey interests in real property? No. The living trust is an arrangement between a trustee and a trustor; only the […]
May 6, 2015
How do I determine if the replacement property is of “equal or lesser value” than the original? This depends upon the timing of the purchase or […]