Co-op shareholders are increasingly transferring their ownership to trusts for estate planning and avoiding the lengthy administrative process of probate, but boards must ensure that they have protections in place to identify who is responsible for the apartment. (Print: TIPS FOR A WATERTIGHT AGREEMENT)
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“Trusts” returned 7 articles
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Protecting Co-op Interests: How Trust Transfers Can Be Made Easier
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Co-op Boards Face Challenges in Transferring Shares to Trusts
When shareholders request to transfer ownership of their shares to a trust, boards need to make sure it's clear what the rules are, including the shareholder's responsibility to pay the maintenance and the board's right to approve occupancy. (Print: When Trusts Get Tricky)
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Peace of Mind
Elderly co-op shareholders are increasingly transferring ownership of shares to trusts for estate planning. Conditional consent agreements can address concerns.
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Protect Your Co-op When Granting Share Transfers to a Trust
Co-ops don't need to be afraid of trusts, as long as the risk is shared.
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The New Face of Ownership
How to deal with trusts and LLCs.
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When a Condo Buyer Isn’t Human …
Flesh out the details.
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Are Trusts to be Trusted?
Should boards accept buyers in the form of trusts?
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