Are student loans transferable to another person?

Trusts and joint tenancies are two different ways of transferring ownership of property. A trust is an agreement between a grantor (the person setting up the trust) and a trustee (the person managing the trust). In a trust, the grantor transfers ownership of the property from themselves to the trust. The trustee then holds that property and makes decisions about how it is used, according to the terms of the trust. Joint tenancy, on the other hand, is a type of property ownership between two or more people. In California, joint tenancy is called a joint tenancy in common. In this arrangement, each owner holds equal shares of the property, and if one of the owners passes away, their share of the property passes to the surviving owner. The main difference between a trust and a joint tenancy is how the property is governed. With a trust, the grantor transfers ownership of the property to the trust, and the trustee is responsible for managing it according to the trust’s terms. With joint tenancy, each co-owner has equal rights to the property and can make decisions about it. In the event of the death of one of the joint tenants, their share passes to the surviving owners.

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Are student loans transferable to another person?

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