InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Codes 50 State Resource Data Foreclosure Glossary Foreclosure Statistics 60+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Major and minor co-trustee's Posted by Ward-CA- on February 06, 2004 at 8:41 PM In Reply to: THT posted by Lughead on February 06, 2004 at 7:52 PM : hello : may we use say John Smith as trustee but name ourself as "co-trustee" inside the trust declaration... : the reason would be anonimity on public record, but not having the need to have our trustee sign every little document - he could sign our "more important" docs (deed,etc) and we could do day to day matters (lease,etc) : OR...would the co-trustee need to be on public record?? : thank you : Lughead, co-trustee ================= Lug, Yes, you could have several co-trustee’s listed in the trust agreement and specify which one does what. Like, trustee “A” would sign all documents affecting the title of the property, while trustee “B” would sign all other documents not affecting the property’s title. The trustee who would be limited to dealing with day to day matters wouldn’t have to be known to the public at large and thus not appear in the public record. Hope this helps. Follow Ups: Thank you (nt) Lughead 10:14 PM, 02/06/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : hello : : may we use say John Smith as trustee but name ourself as "co-trustee" inside the trust declaration... : : the reason would be anonimity on public record, but not having the need to have our trustee sign every little document - he could sign our "more important" docs (deed,etc) and we could do day to day matters (lease,etc) : : OR...would the co-trustee need to be on public record?? : : thank you : : Lughead, co-trustee : ================= : Lug, : Yes, you could have several co-trustee’s listed in the trust agreement and specify which one does what. : Like, trustee “A” would sign all documents affecting the title of the property, while trustee “B” would sign all other documents not affecting the property’s title. : The trustee who would be limited to dealing with day to day matters wouldn’t have to be known to the public at large and thus not appear in the public record. : Hope this helps. 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

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2004, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455