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Updated over 1 year ago,

User Stats

21
Posts
14
Votes
Christopher Young
Pro Member
  • Investor
  • NY/CO/OH
14
Votes |
21
Posts

Looking for some savy advice about moving a house to a trust!

Christopher Young
Pro Member
  • Investor
  • NY/CO/OH
Posted

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! 

  • Christopher Young
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