Questions tagged [trust]
6 questions
6
votes
3 answers
Are trusts shielded from legal penalties?
Imagine suing a person for copyright infringement, defamation, or whatever. You win your case, and a judge awards you $1 million.
However, the person you sued has a nice job and a beautiful home, but he put all his savings in a trust. Does that mean…
Paredon
- 473
- 5
- 12
5
votes
2 answers
What happens to beneficial interests when a trust is brought to an end prematurely?
It is well established that the beneficiaries can end the trust by calling for a transfer of trust property to themselves if all the beneficiaries under the trust who could possibly become entitled are: 1) identified; 2) 18+ and of sound mind; and…
FD_bfa
- 6,468
- 1
- 21
- 80
2
votes
1 answer
How to add worthless knickknacks to a living trust in a simple manner?
How does one transfer tangible personal property to a living trust that is being created primary to hold the settlor's personal residence?
The property in question would not include items with a certificate of title or named owner like a car, or…
Stay-at-home-dad
- 585
- 1
- 4
- 12
1
vote
1 answer
Solving unjust enrichment when funds aren’t traceable?
If a trustee steals money from a trust to pay off an overdrawn bank account, the beneficiary can no longer use subrogation as they no longer have a proprietary interest (due to funds being untraceable).
Therefore if the only solution is a personal…
Bradley
- 11
- 1
0
votes
1 answer
What title transfers take place in the case of theft from a bank account?
In the case of theft involving taking money from a bank account, does the person whose account the money comes from loose good title to that money, or the debt it represents, or anything? Does the bank? Does the entity the thief gives it to?
The…
User65535
- 10,342
- 5
- 40
- 88
0
votes
2 answers
Can a trust be changed if it can be proven the terms were setup to continue psychological abuse?
I have a trust fund that's designed so the trustee heavily controls my access to the finances. I have to give him a bunch of documentation to get money. It's my understanding most trusts just let you ask for money.
My parents were abusive through…
ZeroPhase
- 173
- 1
- 6