The beneficiary wants to do this as "potentially" the quickest way to remove the access from another beneficiary thereby protecting the asset from Medicaid SPEND DOWN requirements and ASSET RECOVERY down the road.
I understand mitigating circumstances, trust provisions, and state regulations could affect the answer, but in general....
We have a family trust that owns a large tract of remote timberland. 1 of the beneficiaries wants to make a distribution request. Without dividing up the tract, Could a...
Thank-you so very much for your response. Let me see if I can address what you’ve said.
I zoned out reading all that stuff about deeds and easements and abandonment.
1st yes it is a lot of information and I apologize that it was perhaps too much for you.
If you want to keep people from...
Exactly. The problem today is that we have been attempting to prevent local residents from trespassing on and through the area due to frequent incidents of vandalism vagrancy and theft. The locals are pushing back.
In doing deed research back the deed tree for our property, I’ve come across the circumstance where part of a larger piece of property purchased in October 1917 was apparently made into a commercial subdivision, because the next deed (dated January 1918, 4 months later) is for “LOTS” of a...