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Updated over 1 year ago on . Most recent reply
![Christopher Young's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2468101/1670954700-avatar-christophery60.jpg?twic=v1/output=image/crop=2316x2316@0x38/cover=128x128&v=2)
Looking for some savy advice about moving a house to a trust!
Long story short my mother has worked as a hair dresser for 36 yrs and its time to retire. Social security is a joke but we have one card to play. Based in NY her primary residence of 40 years has appreciated exponentially. We want her to move the house to a trust, sell it, and then put that money in a some kind of high yield savings account. Our hopes is that combined with the interest payments and social security she can live comfortably with my bother in his in-law suit. Has anyone done something similar? or have any savy advice that I can look into? thanks BP fam!
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![Denver McClure's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1022301/1648746039-avatar-denverm2.jpg?twic=v1/output=image/crop=418x418@0x104/cover=128x128&v=2)
Might want to chat with @Jeff Nash about this. He has experience with Trusts and can give you a perspective on the tax savings/implications here.