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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Hide behind your trustee.. Posted by SeanW on May 24, 2003 at 8:27 AM In Reply to: Hide behind your trustee.. posted by Ward-CA- on May 23, 2003 at 10:11 PM ::The THT is known as a directional holding trust. That’s because the trustee is unable to sign any document that affects the title or equity of the trust’s property without the express, written direction from the majority of beneficiaries-in-interest to do so. I'm glad she asked this question now. I had thought the only way to execute a JBB was with yourself as trustee-- this explains how a JBB can (initially) have the trustor as trustee while the loan is brought current. He only has the "appearance of control". Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : ::The THT is known as a directional holding trust. That’s because the trustee is unable to sign any document that affects the title or equity of the trust’s property without the express, written direction from the majority of beneficiaries-in-interest to do so. : I'm glad she asked this question now. I had thought the only way to execute a JBB was with yourself as trustee-- this explains how a JBB can (initially) have the trustor as trustee while the loan is brought current. He only has the "appearance of control". Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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