Goals, Business Plans & Entities
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 10 years ago,
Trust me?
Hi, I hope this is OK to post here, and the right forum. I'm wanting to get my finances in order, and looking for suggestions (other than go see an attorney :)).
I think I want to put my properties into a trust, and get them out of my name. I understand that should the worst happen, my kids can be beneficiaries much easier \ less tax impact. I'm sure some here do that, any advice for doing it in FL? Is there an attorney some have used here to setup the trust? Does it affect things if you have a lien on the property? Does it stop you from refinancing the property if it is a trusts name? Does it also provide similar separation like a LLC does?
Thanks for any suggestions.