Trustee Update on K-1s and Grantor Statements
Many investors have called regarding the timing of K-1s and Grantor Statements being issued. Those forms will be mailed during the week of March 18, 2019, so you should have them shortly after that time.
Line of Credit Secured
Effective January 30, 2019, the Trust executed a new $15 million line of credit, secured by Trust assets, with Veritex Community Bank to be used in the future should a need ever arise.
Action Items – What we need from you?
Please fill out a beneficiary designation form. This form allows you to determine who will receive your interest after your death. They also simplify the transfer of your interest as the interest passes on to your beneficiary outside of probate. You can find the beneficiary designation form on the Forms page of the website, along with a set of FAQs explaining them in more detail.
Read informative articles to update you on many facts.
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