[WSBARP] Insurance on Property In Trust

[Teunis J. Wyers]

Actually, the assets of a living trust should be held in the names of
persons, such as "John and Jane Doe, Trustees of the Doe Family Living
Trust".

On Thu, May 11, 2017 at 11:12 AM, Richard Holland <rich at pnwle.com> wrote:

> Not a trust attorney by any means nor an insurance attorney – so basically
> my input is just about worthless – but logically couldn’t the named insured
> assign the proceeds to the trust in some memorialized manner?
>
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> Thanks,
>
>
>
> Rich Holland
>
> rich at pnwle.com
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> *From:* wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.
> wsbarppt.com] *On Behalf Of *Mark Vohr
> *Sent:* Thursday, May 11, 2017 10:25 AM
> *To:* wsbarp at lists.wsbarppt.com
> *Subject:* [WSBARP] Insurance on Property In Trust
>
>
>
> 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
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> T:  (206) 782-1189 F:  (206) 782-1434
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> mcv at ohanafc.com      www.ohanafc.com
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-- 
Teunis J. Wyers @ Wyers|Wyers, Attorneys
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