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My brother is lending funds to my LLC to purchase & fixup properties. Who should be the trustee for a deed of trust?
John's answer
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Answered on January 01, 2010
The lender is correct to require that the funds do not pass until the deed of trust is recorded. As you said, the trustee would hold the funds...
What type of deed is used to transfer property to a successor trustee, also sole beneficiary to get it out of the living trust?
John's answer
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Answered on January 01, 2010
To clear title to yourself as successor Trustee you record a "Declaration of Death of Trustee."
Then to put the condo in your name record a...
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Does a durable power of attorney, replace what is written in a will?
John's answer
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Answered on January 01, 2010
The power of attorney died with your uncle. ("Durable" means it is still good after incapacity, but not after death.) The poa would not replace...
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