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Revocable Trust Property Description
Summary
In a revocable trust, use the most current property description, such as the latest map reference, to ensure accuracy. For a property in Nova, CT, include the address, current map reference, and legal description from the latest deed or survey. The phrase distributions be made only if your children dont survive you means assets are distributed to other beneficiaries if your children predecease you. Answering yes agrees with this provision, while no implies a different distribution plan. For property in Novato, CA, ensure the legal description includes the Assessor’s Parcel Number, map book, page number, and unit, with together with all improvements and appurtenances thereon. As a trustee, you control trust investments if mentally competent, but face fiduciary duties and potential liabilities. Consulting a local attorney is advisable for precise guidance.Full Conversation
what is the description for a home located at * arron drive, nova, CT in a trust as a asset?
For a property description in a trust as an asset, you should use:
- The property's address: * Arron Drive, Nova, CT.
- The current map reference: Book *, Page *.
- Legal description details from the latest deed or survey.
Consider consulting a local real estate attorney for precise guidance.
- The property's address: * Arron Drive, Nova, CT.
- The current map reference: Book *, Page *.
- Legal description details from the latest deed or survey.
Consider consulting a local real estate attorney for precise guidance.
what does this mean "distributions be made only if your children don't survive you"
The phrase "distributions be made only if your children don't survive you" typically means that the assets in a trust or will are to be distributed to other beneficiaries only if your children have passed away before you. This is a common provision to ensure that if your children are no longer living, the assets will be distributed to alternate beneficiaries you have designated.
what does it mean if i answer yes vs no?
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Answering "yes" or "no" depends on the context of the question or statement being made. It typically signifies agreement or disagreement, consent or refusal, or affirmation or negation. If you have a specific question or context in mind, I can provide more detailed information. Could you clarify the situation or question you're referring to?
Answering "yes" or "no" depends on the context of the question or statement being made. It typically signifies agreement or disagreement, consent or refusal, or affirmation or negation. If you have a specific question or context in mind, I can provide more detailed information. Could you clarify the situation or question you're referring to?
what does answering no to this mean "distributions be made only if your children don't survive you"
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Answering "no" to "distributions be made only if your children don't survive you" means you are not agreeing to that provision. Essentially, it would imply that you want the distributions to be made regardless of whether your children survive you or not, possibly altering the intended distribution plan.
Answering "no" to "distributions be made only if your children don't survive you" means you are not agreeing to that provision. Essentially, it would imply that you want the distributions to be made regardless of whether your children survive you or not, possibly altering the intended distribution plan.
what does this mean if answered yes "distributions be made only if your children don't survive you"
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Answering "yes" to "distributions be made only if your children don't survive you" means you agree with the provision that the assets in the trust or will are to be distributed to other beneficiaries only if your children have passed away before you.
Answering "yes" to "distributions be made only if your children don't survive you" means you agree with the provision that the assets in the trust or will are to be distributed to other beneficiaries only if your children have passed away before you.
yes means only if the children die first?
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Answering "yes" to "distributions be made only if your children don't survive you" means you agree that assets will be distributed to other beneficiaries only if your children have passed away before you. If you have concerns, consulting with an estate planning attorney may be beneficial.
Answering "yes" to "distributions be made only if your children don't survive you" means you agree that assets will be distributed to other beneficiaries only if your children have passed away before you. If you have concerns, consulting with an estate planning attorney may be beneficial.
does yes mean the child dies before the garantor?
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Answering "yes" to the phrase "distributions be made only if your children don't survive you" indicates that you agree with the provision that assets will be distributed to other beneficiaries only if your children pass away before you. This means the distribution depends on your children's survival relative to yours.
Answering "yes" to the phrase "distributions be made only if your children don't survive you" indicates that you agree with the provision that assets will be distributed to other beneficiaries only if your children pass away before you. This means the distribution depends on your children's survival relative to yours.
how should the specific distribution be written "All that "certain real property in the City of Novato, County of Marin, State of California, more particularly described as Assessor’s Parcel Number *-*-*, as shown on Assessor Map Book *, Page *, Unit *, together with all improvements and appurtenances thereon.”
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In a legal document like a trust or will, the distribution should clearly state the full legal description of the property. Based on your information, the description should include:
- Assessor’s Parcel Number *-*-*
- Assessor Map Book *, Page *, Unit *
- Include "together with all improvements and appurtenances thereon"
Consider verifying the latest legal description with a local real estate attorney to ensure accuracy.
In a legal document like a trust or will, the distribution should clearly state the full legal description of the property. Based on your information, the description should include:
- Assessor’s Parcel Number *-*-*
- Assessor Map Book *, Page *, Unit *
- Include "together with all improvements and appurtenances thereon"
Consider verifying the latest legal description with a local real estate attorney to ensure accuracy.
is this correct "All that certain real property in the City of Novato, County of Marin, State of California, more particularly described as Assessor’s Parcel Number *-*-*, as shown on Assessor Map Book *, Page *, Unit *, together with all improvements and appurtenances thereon.”"
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The description seems to include necessary legal elements like the Assessor’s Parcel Number, map book, page number, and unit, along with the phrase "together with all improvements and appurtenances thereon." However, it's advisable to use the most current map reference to ensure accuracy. Consulting a local real estate attorney could be beneficial for verification.
The description seems to include necessary legal elements like the Assessor’s Parcel Number, map book, page number, and unit, along with the phrase "together with all improvements and appurtenances thereon." However, it's advisable to use the most current map reference to ensure accuracy. Consulting a local real estate attorney could be beneficial for verification.
what is the description of distribution in a trust to one person regarding the asset, All that certain real property in the City of Novato, County of Marin, State of California, more particularly described as Assessor’s Parcel Number *-*-*, as shown originally on Assessor Map Book *, Page *, Unit *, together with all improvements and appurtenances thereon. (Original Assessor, "bk * - Pg *").
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For the distribution of real property in a trust to one person, the description should include:
- Full legal description: Assessor’s Parcel Number *-*-*
- Assessor Map Book *, Page *, Unit *
- Include "together with all improvements and appurtenances thereon"
For more accuracy, consult a local real estate attorney.
For the distribution of real property in a trust to one person, the description should include:
- Full legal description: Assessor’s Parcel Number *-*-*
- Assessor Map Book *, Page *, Unit *
- Include "together with all improvements and appurtenances thereon"
For more accuracy, consult a local real estate attorney.
define Will you be allowed to control the trust investments as long as you are mentally competent?
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In California, if you are the trustee of a trust, you generally maintain control over the trust investments as long as you are mentally competent. Key points to consider:
- As a trustee, you have fiduciary duties to manage the trust's assets responsibly.
- Mental competence is typically determined by a medical professional.
- If you're the trust's grantor and trustee, you retain control unless otherwise specified in the trust document.
Do you have a specific concern related to trust control and mental competence?
In California, if you are the trustee of a trust, you generally maintain control over the trust investments as long as you are mentally competent. Key points to consider:
- As a trustee, you have fiduciary duties to manage the trust's assets responsibly.
- Mental competence is typically determined by a medical professional.
- If you're the trust's grantor and trustee, you retain control unless otherwise specified in the trust document.
Do you have a specific concern related to trust control and mental competence?
are there disadvanteges
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As a trustee of a trust, you may face some challenges, such as:
- Fiduciary duties require careful management of trust assets.
- Potential legal liabilities if duties are breached.
- Complexity in managing investments and distributions.
Consulting a local estate planning attorney can provide more personalized advice.
As a trustee of a trust, you may face some challenges, such as:
- Fiduciary duties require careful management of trust assets.
- Potential legal liabilities if duties are breached.
- Complexity in managing investments and distributions.
Consulting a local estate planning attorney can provide more personalized advice.
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