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Trust Formation / Account
I have a few real estate properties that I rent out. I inherited these rental properties from my family. I am thinking to add more if possible in the future as well.
Is it possible to create a Trust that will own these real estate properties. If so, do I need any special document or to meet with a lawyer to create the Trust document?
Also once the Trust is created, how do I create a bank account? Do I simply tell the bank I want to open a Trust account and show them the Trust document?
Are there any special considerations to know about? Thanks in advance for your help