Search for: "Joint Powers Trust"
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1 Sep 2022, 12:15 am
Section 207(f) provides that a corporation's include, but are not limited to, the power to: Pay pensions, and establish and carry out pension, profit-sharing, share bonus, share purchase, share option, savings, thrift, and other retirement, incentive, and benefit plans, trusts, and provisions for any or all of the directors, officers, and employees of the corporation or any of its subsidiary or affiliated corporations, and to indemnify and purchase and… [read post]
26 Dec 2016, 12:00 pm
What is a Revocable Living Trust in NJ? [read post]
6 Jul 2020, 12:10 pm
Have you been appointed as an Attorney under a relative or friend’s Power of Attorney and as an Executor under their Will? [read post]
24 May 2017, 3:58 am
Way too many companies enter into contracts thinking they can trust their partner to follow the rules (hey, you have a contract) and then they get burned. [read post]
23 Jun 2011, 10:35 am
Assets held outside the Trust cannot be managed by the Trustee – The Trustee of the Trust has no power over the Settlors’ property that hasn’t been re-titled into the name of the Trust. [read post]
5 May 2007, 12:39 pm
Michael Pecore claimed that Paula was holding the funds from the joint account in trust for the estate. [read post]
18 Sep 2011, 11:08 am
The principal of the power of attorney will need to update his or her trust now to add a provision allowing for an agent under a power of attorney to modify the trust. [read post]
17 Sep 2018, 11:48 am
If someone’s going to waive those rights, it shouldn’t happen by accident, like by signing a joint deed that never mentions the word “homestead”. [read post]
18 Oct 2007, 12:31 pm
Some hospitals or financial institutions may require that both act together unless each co-agent has "several powers" or "joint and several powers" This can be difficult and impracticable. [read post]
21 Apr 2010, 12:31 pm
This may be done through wills, trusts, joint ownership and life insurance. [read post]
22 Mar 2012, 6:00 am
The new requirement applies to the following powers: Creating an inter vivos trust Amending, modifying, revoking, or terminating an existing trust (additionally, the trust instrument must explicitly authorize the settlor’s agent to exercise such authority) Making gifts, subject to statutory limits Creating or changing rights of survivorship Creating or changing a beneficiary designation Waiving the principal’s right to be a beneficiary… [read post]
19 Jul 2010, 11:48 am
However, a joint trust limits the trustmakers' access to the cash value during lifetime. [read post]
4 Nov 2015, 1:30 pm
There is no such thing as a one-size-fits-all solution, where clients have different goals and varying needs, but joint tenancies or deeds with reserved life estates and/or special powers of appointment can often give clients who own real estate a practical estate planning solution without the later risk involved in defending irrevocable trusts. [read post]
4 Nov 2015, 1:30 pm
There is no such thing as a one-size-fits-all solution, where clients have different goals and varying needs, but joint tenancies or deeds with reserved life estates and/or special powers of appointment can often give clients who own real estate a practical estate planning solution without the later risk involved in defending irrevocable trusts. [read post]
21 Jun 2010, 12:37 pm
But what if a person failed to execute a power of attorney or (better) trust-based estate plan that includes incapacity planning? [read post]
24 Aug 2022, 9:09 am
For estate planning attorneys, the initial consultation with spouses can have some awkward moments to say the least. [read post]
18 Dec 2023, 12:48 am
These trusts are not owned outright by any beneficiary; instead, the trustees have the power to make decisions on who benefits, and when. [read post]
14 Sep 2019, 12:20 pm
If one seeks to classify the Constitution in terms of familiar eighteenth-century legal categories – for example, as a contract, trust, power of attorney, or corporate charter – then which category seems most appropriate? [read post]
23 Aug 2020, 12:23 pm
“Ordinarily a power to revoke the trust will be interpreted as including a power to revoke the trust in part by withdrawing a part of the trust property from the trust. [read post]
6 Jun 2017, 12:00 am
A Trust. [read post]
