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COVENANT AGAINST GRANTORS ACTS Form

COVENANT AGAINST GRANTORS ACTS Form

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all right well what happens you with trusts well when you have a trust involved and you're going through and looking at the beneficial ownership test which is looking for 25% or more of the entity being owned by a particular person there are five things that we look at there are five tests these are non-exhaustive so if somehow you know they didn't come up with all the right rules they are being broad they do want to see who gets swept in but there are rules that they give us given us explicitly that will sweep somebody in first Trustee of a trust or any other individual who has the authority to dispose of assets for that trust now few things on that a trustee or other individual this is going to sweep in executiv administrators personal Representatives these are folks who stand in a fiduciary capacity just like a trustee they own something for the benefit of somebody else now they're probably going to have the authority to dispose of the asset that to me means

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