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Estate Planning

: Wills, Trusts & Estates Prof Blog

Loans by trust to insurance trust violated prohibition on retention of unproductive property

By Trusts EstatesProf

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An income beneficiary objected to the trustees? accounting which showed that the trust had made loans to a second trust to pay premiums on a life insurance policy on the income beneficiary. The court granted summary judgment for the income...

Full post as published by Wills, Trusts & Estates Prof Blog on July 12, 2009 (boomark / email).

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