Who was the GRANTOR of the Trust ?
and
Who is now the TRUSTEE ?
and
Who are the BENEFICIARIES ?
There should be a set of documents associated with this Trust that specify how it is to be administered.
If the GRANTOR was the husband, he can probably do whatever he wants with Trust assets while...
Further investigation reveals slightly different facts
(those of you familiar with these things probably expected as much)
- in 2006, Credit Card issuer turned over the debt to a collector - ASSET ACCEPTANCE.
- Subject did receive notices from the collector.
- Subject maintains no...
1. A Montana farm has title in the name of a Trust.
2. Trust Document states that the Trustee has authority to make all decisions
in the best interest of the Trust.
3. Trustee intends to sell the property & distribute proceeds to Trust Beneficiaries.
Q1: Is the Trustee obligated to obtain...
What you are about to read has actually happened.
It seems suspiciously illegal and unethical.
The background is as follows:
1. Subject had approximately $6,000.00 in credit card debt to a major
national credict card issuer. Debt was incurred when subject lived in
Maryland.
2...