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Updated almost 2 years ago on . Most recent reply

User Stats

28
Posts
3
Votes
Martingale Kim
3
Votes |
28
Posts

Putting properties into trust

Martingale Kim
Posted

Can someone give me a brief about pros and cons of putting properties into a trust.

I heard it can save your property when someone is trying to sue you , and save the hassle of probate when both couple passed away so that kids can inherit them quickly .

whats the process of doing this if we decide this path.

setting up trust first then transfer each house into it by filing a deed at each state , county?

anything special about mortgage or tax?

TIA

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