Planning for Life

Beware the Missing Schedule of Beneficiaries for your Nominee Realty Trust

Posted by Harry S. Margolis on April 14, 2021

By Harry S. Margolis

schedule-of-beneficiaries-nominee-realty-trust-estate-planning-attorney-Wellesley-MA-02481

If you have a nominee realty trust, make sure you also have a copy of the schedule of beneficiaries. We can't tell you how many times we've found these schedules missing, meaning it's not clear who owns the property.

What is a Nominee Realty Trust?

To understand what this is all about, you need to know something about nominee realty trusts. These are devices used almost exclusively in Massachusetts to hold title to real estate through which the trustees act as agents for the beneficial owners whose names are not listed on the deed. They are also not listed in the trust document; instead, they are listed on a separate schedule of beneficiaries which is not recorded at the registry of deeds (which is why they often go missing).

Read More

Topics: nominee realty trust, schedule of beneficiaries

Subscribe to New Blog Posts

Recent Posts

Most Popular Posts

Posts by Topic

see all

Have More Questions? Contact Us