Trusts
Can a Trustee Pay the Mortage on Trust Property?
In Indiana, does a beneficiary who received a devise of real property under a trust, have any right to have the mortgage attached to the real property paid from the trust assets--whether or not the trust instrument directs the trustee to pay the mortgage. Please include any case-law and citations.
How Do We Put Property in the Name of a Different Trust?
land contain 4 parcel . supose to be under salem family trust it is now 1 parcel under salem trust and the other 3 undrer george&sam salem trust,how can i fix it? thanks
How Do I Correct the Misspelled Name in an Affidavit of Successor Trustee?
I am listed as First Successor Trustee in an 'Affidavit of Change of Trustee' to my family's revocable trust, my elderly father having resigned as trustee and given my two brothers joint trusteeship. QUESTION: My name is listed incorrectly in the document. What do I need to do to have this error amended? Thank you! (PS: I live in TX; the trust and the remainder of my family are in Contra Costa County, CA) This affidavit was executed without my knowledge. I became privy to it by accessing the Contra Costa County public records online and ordering a copy. Thank you.
Do I Have to Pay Rent for Occupying a Home I Inherited as a Trustee?
my borther and I are co-trustees of 2 inherited houses: a family home in san francisco, ca and a summer home. I continue to live in the family home after my father died in 2008. I offered to purchase the san francisco home by paying him 50% of the difference in appraised value of the san francisco and country home. He refused my purchase offer and demanded that I pay him rent from my father's day of death UNTIL the settlement of the trust. He also refused to share the cost of maintenance of the san francisco property and demanded that I pay 50% fair market rent value. I refused to pay rent because he does not want to share in the mainternance. I offered to pay him the amount he wanted provided we put the country home for sale since he was not clear on his stand on whether to take title of the country home or not. He refused to put the country home on the market for sale because I have not paid him back rent. The san francisco property is in need of repair but we could not start repair because I am not the sole owner of the property. However, I paid the property taxes and insurance. If the house is to be put on the market for rent we need to address the repairs. In the meantime, the value of the properties went down because of the economic downturn. Another reason for not paying rent is that our computation shows the amount he is charging for rent is close to the monthly amortization I would be paying the bank if i buy him out. As of today, after 3 years of my father's death, the appraised value of the 2 properties is the same but lately the value of the country home is dropping. The question is: do I owe my brother rent even if he refused to share in the maintenance and hindered in the sale of the country home? Do I owe him rent even if there is no rental agreement and his demand that I pay him ren until the trust is settled and he tried to control the settlement of the trust?
What Papers Need to Be Filed When a Grantor of a Trust Dies?
Do I have to u[date Family Trust.? My husband died.