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Updated over 1 year ago on . Most recent reply

User Stats

235
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67
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Jerry Poon
  • Real Estate Investor
  • Los Angeles, CA
67
Votes |
235
Posts

How to place a property in trust?

Jerry Poon
  • Real Estate Investor
  • Los Angeles, CA
Posted

I have a SFH that I would like to place into a trust. How would I go about that? Do I have to reach out to a lawyer or something? Or what kind of professional would handle that?

Any recommendations on who to reach out to? Any recommendations on a Chinese-speaking professional who can handle that?

And what sort of fees should I expect to pay for this? Are there going to be tax repercussions, like the property being reassessed for property taxes or anything like that?

Most Popular Reply

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518
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242
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Nate Meeker
  • Real Estate CPA | California
242
Votes |
518
Posts
Nate Meeker
  • Real Estate CPA | California
Replied

Hey @Jerry Poon - @Katie Balatbat should be able to help you, if not point you in the right direction. 

There are typically zero tax implications. Consult with your professional of choice though. 

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