what happens when a part owner of a shared grantor trust dies?

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Answered: How long for successor trustee to distribute trust after grantor dies?

It can take months to evaluate how much there is to distribute. There may be bills that must be paid for medical expenses and funeral. Real estate needs an appraisal, and perhaps inspections. Real estate or a business may have to be sold, if it's not going to be owned by the only beneficiary, or ...

Answered: What happens if your divorce papers states that ex pays the second

I would think that the divorce decree would have stiprulated that he would need to carry insurance or have sufficient capital set aside to cover this should he die. If there was nothing put in writing as to what would happen upon his death, then you are screwed; unless, of course, your lawyer wants ...

Answered: Any idea on difference between mutual fund and unit trust?

I have a DBS account so I visited DBS unit trust FAQ page and got this: - A unit trust pools money from many investors, which is then invested in a variety of assets in order to meet specified investment objectives. The pool is managed by a team of full time professionals and a trustee is appointed ...

Answered: I tried to assist a friend and shared my credit with them but they

I am sorry to say but you can do nothing against them legally, as it was your credit and you shared it with your friends on personal terms. The company is not liable to who uses the credit but by whom is it taken, and i guess that is you.

Answered: If I die and do not name a beneificiary to my IRA ...

Hi Jake, Anything not assigned specifically to one person in your will will become part of your "estate". Your IRA would be added to your "estate" and be divided equally between all of your heirs. Why don't you just name a beneficiary and not worry about it? You can name more than one, you know ...
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Trusts for Grandchildren

A trust can be set up for grandchildren or for anyone else or even a pet. If your assets are very large (millions), you will need to consider possible generation-skipping taxes. This is general information not intended as legal advice. No attorney-client relationship has been established ...

What happened to Holly on the commercial? Did she die?

I think she went to sht and the hogs ate her. Who gives a dam anyway. DUH!!!!

What happens to my mortgae when both owners die?

If you need to make sure that the second owner can pay off the mortgage, you might want life insurance for the amount of the mortgage.