Information regarding a Trust typically can be obtained from the person named as Trustee — but the Trust document may prevent disclosure of the terms of the Trust if the person making the inquiry is not a named beneficiary.
Is a Lease Agreement with Damage Responsibility to the Tenant for Non-Working Fire Alarms Standard?
A Lease Agreement is a contract that is open to negotiation between the landlord and tenant. The only ‘standards’ in a Lease Agreement are those required by local and state governments.
Can a Soon-to-be-Ex-Spouse Gain Access to Assets in a Trust in Which I Am a Beneficiary?
Generally, if a Trust is a Revocable Trust and the grantor(s) is (are) still alive, then the property in the Trust (i.e., owned by the Trust) remains Trust property until the stated action within the Trust calls for distribution.
Can a Minor Create a Managed LLC to Overcome Age Restrictions for Contract Executions?
Of course, Limited Liability Companies are state-based constructs, so state law would apply to any answer.
Also at issue is the ability of a minor to enter into contracts or take other actions to bind the LLC, as many contracts entered into with minors and third parties are void or voidable. A person who is under the age of majority may have insufficient legal ability to sign the Articles of Organization, thereby requiring an adult ‘organizer’ to execute the Articles.
Let’s examine a specific state example.
Can I Provide a Tenant a Lease Agreement that Provides for Immediate Eviction if Terms are Not Followed?
A Lease Agreement can be drafted to provide for the termination of a tenancy upon the happening of a given event.
Why Do Standard Legal’s Power of Attorney Documents Not Require Names of the Attorney-in-Fact and Grantor in Signatures?
The signature of the attorney-in-fact must simply designate that the attorney is acting in a capacity on behalf of the principal.
If a Debt is Sold During Bankruptcy, Must the New Holder Follow Discharge Rules?
In general, and assuming that the original debt is listed on the debtor’s bankruptcy petition and schedules and that the debt itself is otherwise subject to discharge, the purchaser of the debt would be subject to any discharge order received by the debtor through the bankruptcy case and the debt would not be collectable.
Can I Find the Names of People Who Own Certain Corporations or LLCs in Public Records?
Corporations and LLCs do not necessarily have to disclose the names of people holding ownership interests in those entities within any public records.
Can a Power of Attorney’s Attorney-in-Fact Sign Bankruptcy Documents on Behalf of a Grantor?
“Ask Standard Legal” is not aware of any situation where a Power of Attorney can be used by the attorney-in-fact to sign a Bankruptcy petition on behalf of the grantor.
Should the Interest Rate Be Listed Within a Land Contract?
Standard Legal always recommends that every single pertinent detail to any property transaction be included within the Land Contract document covering said transaction.
But the nature of the question raises a rebuttal question.