by Anonymous on April 21st, 2007

Anonymous

Question

Help answer this question below.

If my grandparents had a trust that stated my father could reside on the property until death but not sell the property and he was not excluded from the trust would he be owner of that property at his death

  • Like
  • Report

Answers. 1 helpful answer below.

  • by CrystalBall on April 26th, 2007

    CrystalBall

    To answer your question properly we need to know who the trust beneficiaries are and who is supposed to own the property once it left the trust. As you wrote it, it sounded like your grandparents left the property to your father for his life, and upon his death the property would be removed from the trust and distributed to the trust beneficiaries. If your father was a trust beneficiary, then he (or rather his estate) would receive a portion of it.

    • Like
    • Report

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

You're reading If my grandparents had a trust that stated my father could reside on the property until death but not sell the property and he was not excluded from the trust would he be owner of that property at his death

Follow us on Facebook!

Related Ads

ANSWERBAG BUZZ

Niece as trust beneficiary of real property taxes