[WSBARP] Insurance on Property In Trust
Mark Vohr
mcv at ohanafc.com
Thu May 11 10:24:51 PDT 2017
Question: We are trying to determine how to best obtain homeowners insurance for property in a trust. We are being told the policy has to be issued in the name of a person. The problem is that if there is a claim, the named person gets the payout - who is not the owner, which I can see as creating a problem for the trustee.
Any input would be greatly appreciated.
Mark
Ohana Fiduciary Corp.
Ohana Financial Services
Mark C. Vohr, J.D., CPG, Principal
PO Box 33710 Seattle, WA 98133
T: (206) 782-1189 F: (206) 782-1434
mcv at ohanafc.com<mailto:mcv at ohanafc.com> www.ohanafc.com<http://www.ohanafc.com/>
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