[WSBARP] Insurance on Property In Trust

[Mark Vohr]

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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