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Unrecorded deed transfers house to CRUT

Unrecorded deed transfers house to CRUT

Unrecorded deed transfers house to CRUT

What happens when the trustee of a charitable remainder unitrust learns after the death of the donor that the donor had executed a deed transferring his residence to the CRUT but the administrator of the donor’s estate, not knowing the unrecorded deed existed, had sold the residence for $1.2 million? An appellate court in California, in an unpublished opinion, has affirmed a trial court decision ordering the estate administrator to transfer the sale proceeds to the CRUT. Keith Alan Dixon established the CRUT for the benefit of the University of Arizona Foundation in 2001 and served as its trustee until 2018 when he died without a will. His estate was administered by the public administrator...

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