Legal Question in Wills and Trusts in California
assets not in the trust
I understand how a trust is funded I would like to know what if I have reason to believe there were bonds? what is a bond anyway? and how do you determine ownership? What about contents of safety dep. boxes? Valuables, coins, jewelry, bonds ? are benificaries to be present when it's opened? Good faith and honesty seem to vanish in the presents of greed.
1 Answer from Attorneys
Re: assets not in the trust
Your last statement is so true - unfortunately. Bonds are a type of security such as equities stocks), commodities, international, metals etc... Simply explained, a bond is debt issued by a company or municipality (counties, cities, utilities) or governments including the US. Stocks are equity in a company. Where is the bond held? Are you talking about bearer bonds found in a safe deposit box? Why do you think there are bonds? Feel free to contact me to discuss further.
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