May 6, 2015

How would the deed to the trustee ordinarily be worded to transfer title to the trustee?

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?

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?

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?

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?

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?

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?

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?

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?

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 […]
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