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Bank Problem
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jedstivers
Posted 9/20/2016 22:39 (#5540423 - in reply to #5540357)
Subject: RE: Bank Problem



Marianna Arkansas
Jdhog - 9/20/2016 21:03

I have a revocable living trust. All vehicles and land are in the trust. Also bank accounts, dividends, ect. are in the trust. All my machinery and crops (grain) are personal property. That is what I use for collateral for operating loan at the bank. Now the bank wants a copy of the trust. It's about 200 pages long. None of my collateral is in the trust. It's all personal property. Why the need for a copy of the trust?

I have the same except I don't do vehicles in my trust. I have to give copies too. I only usually have to do the short form though. I have both copies ready though.
Unlike you though my machinery and crops are in it too.
I am nothing and nobody.
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