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The Water Cooler
General Discussion
NFA Trust.....does anyone know ?
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<blockquote data-quote="Coug91" data-source="post: 3923800" data-attributes="member: 44269"><p>My understanding is a trust needs 3 types of people:</p><p>Grantor: that's you, you placed the item in the trust. You're also a trustee.</p><p>Trustee: you, the grantor, and whoever else you name, can legally presses the item. But trustee other than the grantor don't have ownership.</p><p>Beneficiary: The beneficiary takes ownership upon death of the grantor. may be a trustee, but often not.</p><p></p><p><strong>******You really need to talk with whoever setup your trust.*****</strong></p></blockquote><p></p>
[QUOTE="Coug91, post: 3923800, member: 44269"] My understanding is a trust needs 3 types of people: Grantor: that's you, you placed the item in the trust. You're also a trustee. Trustee: you, the grantor, and whoever else you name, can legally presses the item. But trustee other than the grantor don't have ownership. Beneficiary: The beneficiary takes ownership upon death of the grantor. may be a trustee, but often not. [B]******You really need to talk with whoever setup your trust.*****[/B] [/QUOTE]
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NFA Trust.....does anyone know ?
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