A trust was established less than two months ago, as it turns out in an infant's name.
The property was then put into the newly established infant's trust.
Said property is now being sold.
The trustee of the trust will sign the seller's package, not the person named on the property and on the trust because that is an infant.
The trustee just so happens to be the infant's father.
Infant's father freaks out when he sees a $15,000 lien being paid at closing, for as it turn out unpaid association dues for a totally separate property that had been held in his name. Nothing to do with this property being sold, nothing to do with the infant.
As it turns out, because he is named as the trustee on the property being sold, any liens or judgments against him personally would have to be paid out of the proceeds of the sale.
I would say something didn't go as planned . . . what do you think?
|
