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)
HABITAT
“Trusts” returned 7 articles
Back to Archive-
ArticleTopicsColumn TypeIssue
-
Protecting Co-op Interests: How Trust Transfers Can Be Made Easier
-
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)
-
Peace of Mind
Elderly co-op shareholders are increasingly transferring ownership of shares to trusts for estate planning. Conditional consent agreements can address concerns.
-
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.
-
The New Face of Ownership
How to deal with trusts and LLCs.
-
When a Condo Buyer Isn’t Human …
Flesh out the details.
-
Are Trusts to be Trusted?
Should boards accept buyers in the form of trusts?
Ask the Experts
learn moreLearn all the basics of NYC co-op and condo management, with straight talk from heavy hitters in the field of co-op or condo apartments
Professionals in some of the key fields of co-op and condo board governance and building management answer common questions in their areas of expertise
Subscribe
join nowGot elected? Are you on your co-op/condo board?
Then don’t miss a beat! Stories you can use to make your building better, keep it out of trouble, save money, enhance market value, and make your board life a whole lot easier!
