[WSBAPT] Listserve Q

[Rich McEntee]

Rod

It is not really a title company issue as much as a legal issue that title companies often catch. 

The creation of a trust involves the separation of rights to the trust property — the title to trust property is split between the trustee and the beneficiaries. The trustee holds legal title to the property and the beneficiaries hold equitable title. As the trustee holds legal title to the property, the property is held in the trustee's name. The trust is not a legal entity that can hold properly. It is simply a name/term that denotes the relationship between the grantor and the trustee. Thus, when it is said that property is being transferred to a trust, what is really meant is that property is being transferred to a trustee to be held “in trust” for the benefit of someone else.  

Regards
Rich

Rich McEntee
McEntee Law Office
3800 Bridgeport Way W Ste A411
University Place, WA  98466
253.227.9894
jrmcentee at gmail.com


IMPORTANT/CONFIDENTIAL: This e-mail message, and any attachments accompanying it,may contain confidential information, including information protected by attorney-client privilege. The information is intended only for the use of the intended recipient(s). Delivery of this message to anyone other than the intended recipient(s) is not intended to waive any privilege or otherwise detract from the confidentiality of the message. If you are not the intended recipient, or if this message has been addressed to you in error, do not read, disclose, reproduce, distribute, disseminate or otherwise use this transmission. Rather, please promptly notify the sender by reply e-mail, and then destroy all copies of the message and its attachments, if any.


Sent from my iPhone


On Jun 21, 2018, at 9:10 PM, John J. Sullivan <sullaw at comcast.net> wrote:

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20180621/71848799/attachment.html>