Cryptocurrency Q&A
Can a trust lend money?
Can a trust lend money?
Valentina
Wed Dec 11 2024
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6 answers
1440
I am wondering if a trust, as a legal entity, has the capability to lend money to others. Is this allowed under the law, and if so, what are the implications and considerations when a trust engages in lending activities?
6 answers
Starlight
Fri Dec 13 2024
Many legal instruments known as trusts often contain provisions that explicitly authorize the granting of loans.
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BitcoinBaronGuard
Fri Dec 13 2024
These authorizations serve as clear directives allowing trustees to engage in lending activities on behalf of the trust.
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WhisperWind
Thu Dec 12 2024
In cases where the trust document is silent on the matter of loans, the laws of numerous states fill in the gap.
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Chloe_emma_researcher
Thu Dec 12 2024
According to these laws, trustees are generally permitted to make loans unless the trust instrument specifically prohibits such actions.
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SolitudeSeeker
Thu Dec 12 2024
It is crucial for individuals considering a trust loan to thoroughly review the trust document and applicable state laws.
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