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Residence trusts in the United States are used to transfer a grantor's residence out of the grantor's estate at a low gift tax value. Once the trust is funded with the grantor's residence, the residence and any future appreciation of the residence are excluded from the grantor's estate, if the grantor survives the term of the trust, as explained below.
The borrower's equitable title normally terminates automatically by operation of law (under applicable statutes or case law) at the trustee's sale. The trustee then issues a deed conveying the legal and equitable title to the property in fee simple to the highest bidder. In turn, the successful bidder records the deed and becomes the owner of ...
Get unlimited access From as low as $12.95 /mo. Residents at an apartment complex in Kapaa, Kauai, are rallying to fight the state Department of Hawaiian Home Lands' proposed acquisition of their ...
Apr. 22—Kauai police today said they are searching for the suspect involved in a hit-and-run in Koloa last week that put a 72-year-old woman in the hospital with serious injuries. Police said at ...
The presumption is that the entity was supposed to withhold employee-owed payroll taxes or customer-owed sales taxes, and set those funds aside from the general funds of the entity, and not allow those funds to be spent for any purpose except payment of the trust-fund tax. Thus, in effect, failing to pay a trust-fund tax is considered the ...
The trustee sale is done by the trustee who is named in the trust deed or the appointed one by the trust deed beneficiary at the time the process of foreclosure is initiated by the beneficiary. An attorney, broker, trust deed services, lender subsidiary or the lender may be appointed to act as the trustee (USA Today 2019). Trustees have the ...
In 1893, pro-American elements in Hawaii overthrew the monarchy and formed the Republic of Hawaii, which the U.S. annexed in 1898. [8] In 1921, in order to make amends for injustices associated with the overthrow and annexation, the US created the Hawaiian Homes Commissions Act which set aside 200,000 acres of land for the use of homelands for Native Hawaiians of 50% blood quantum or more.