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A trust can get a mortgage if the trust is from a revocable trust and if the mortgage is being sought from a traditional lender. However, it's a good idea to make sure all beneficiaries are in sync with how the loan will impact their inheritances.

The state determines the type of financing option: For example, the state you live in usually determines whether you use a deed of trust or a mortgage. However, some states like Alabama and Michigan allow both. So, if you live in one of these states, your lender will decide which financing option to use.

Maintaining greater control over how assets, including a home, are distributed to beneficiaries. You can personally designate your successor trustee to manage your living trust. If you do not already have a transfer on death deed associated with your home, placing it into a trust will allow you to skip probate.

A mortgage involves only two parties: the borrower and the lender. A deed of trust has a borrower, lender and a ?trustee.? The trustee is a neutral third party that holds the title to a property until the loan is completely paid off by the borrower.

Parents' Rights and Responsibilities in North Dakota Under North Dakota law, each parent has the following rights and responsibilities: the right to see (and get copies of) the child's educational, medical, dental, religious, insurance, and other records. the right to attend educational conferences concerning the child.

North Dakota Century Code §14?09-10 titled ?Reciprocal duty of support for health services- Support of poor? states that ?each parent and every adult child of an adult who is unable to support oneself shall maintain that adult to the extent of the ability of each.? In other words, parents and adult children have filial ...