Gary Moore
Three Daughters Must Divide a California Property
28 November 2018 | 7 replies
By trust, I presume you mean a revocable living trust as opposed to an irrevocable trust?
Cameron Adams
Favorite quotes
12 January 2023 | 32 replies
If you drop one of these, they will be irrevocably scuffed, marked, nicked, damaged, or even shattered.
Venky B.
Looking to connect to wholesalers who has RE licence
4 February 2017 | 8 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.Burden of proof is on the person to PROVE they are not acting as an unlicensed broker.
James H.
Need to decrease tax burden and scale up!
12 July 2018 | 12 replies
I would totally get an estate attorney to set up an irrevocable trust set up.
Jay Hinrichs
Wholesaling and the equitable interest theory
24 August 2018 | 52 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.Note the PRESUMPTION of brokering and the person has to PROVE they are not.
Darren Horrocks
Wills: Estate Planning
25 April 2016 | 14 replies
The assets of the revocable trust can also be subject to "elective share" claims upon death - which is a default percentage that a surviving spouse is entitled to receive from the deceased spouse's estate.Upon death, the trust become irrevocable and cannot be changed.
Rich Hupper
irrevocable trust looking for a line of credit
31 January 2018 | 0 replies
HelloI am the trustee for an irrevocable trust.
Kirk J Lumm
Irrevocable trust vs creditors
2 October 2018 | 0 replies
If I purchase a home in the state of TN from an Irrevocable Trust, can a creditor (not a lien holder) seek relief, payment from me?
John Thedford
Our REIA Meeting With DBPR: re what is unlicensed brokering
10 August 2016 | 29 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.
Nicole A.
Estate planning - How did you set up yours?
7 September 2017 | 4 replies
Are you referring to revocable or irrevocable trusts?