Web Results

grcpc.com/a-nominee-trust-isnt-a-typical-trust

Many people may have heard of nominee trusts, but some may not know how they differ from typical trusts. The defining feature of a nominee trust is that the trustees have no power to act without the authorization of the beneficiaries (the actual owners of the trust property). The Trustees of a typical trust, however, usually ...

www.keithmichonpc.com/corporations.html

Many people who own rental property or other commercial property in Massachusetts often place the property into either a Nominee Trust (sometimes called a "Realty Trust") or a Limited Liability Company ("LLC"). This is done for several reasons including: 1) attempting to hide the identity of the owner of the property from ...

www.attybrianmahoney.com/nominee-trusts.html

A Massachusetts nominee trust is (a) in writing, (b) has one or more persons or corporations named as trustees, (c) has an identified corpus, (d) has beneficiaries identified on a written schedule held by the trustees but not disclosed to the public, and (e) contains various trustee powers as to corpus dispositions that can only ...

www.money-zine.com/definitions/financial-dictionary/nominee-trust

The term nominee trust refers to an agreement that designates a trustee to be listed on a number of legal documents, including the title to real estate.

www.richmaylaw.com/?t=40&an=28864

Feb 18, 2014 ... Almost every commercial property owner in the Commonwealth has encountered , if not personally used, a Massachusetts nominee trust - sometimes called a ' realty' trust. Often, new clients will tell me that an attorney (unidentified) told them to put their property in trust, or that they always put their properties ...