Shawn Prushinski
How to Purchase property that is currently in a trust
12 October 2023 | 5 replies
The Trustee can either sell the real property as the Trustee and deposit the sale proceeds into a trust account or transfer the title to themselves (as beneficiary) and then sell it.An irrevocable trust, on the other hand, cannot be amended or revoked by the grantor without the consent of the beneficiaries.
Leon G.
Considering Irrevocable trust or LLC
26 February 2021 | 6 replies
@Leon G.An irrevocable trust is unlikely to be better unless your other investments are quite large.
Joshua Dorkin
Besides Real Estate, How are you Protecting Your Money?
24 January 2011 | 65 replies
A real well drawn irrevocable trust.I'm not doing any of this with eye to increasing estate.
Jennifer Hulse
Real Estate Partnership with Ex Spouse
16 April 2012 | 9 replies
Ask your attorney about an Irrevocable Trust and appoint a Trustee with specific instructions to rent (whatever, split usage) then sell.When is the property to be sold?
Peter Seely
LLC or just Good insurance
15 June 2011 | 40 replies
Irrevocable living trusts are great.
Chuck Prime
I have a way around funds-proof requirements - BUT...
12 February 2013 | 24 replies
Doing so would only save them a fee one time, but the loss to them on any future deals and their namesake would be a great loss.Also, in an effort to avoid such an occurance, I have in the past had escrow instructions that instructed escrow to payout on the Hud (irrevocably) to pay my corporation the fee amount and make sure that my fee plus the EMD required was sent into escrow upfront by the buyer BEFORE they could ever do such a thing.
Kent McDaniel
I own my home outright...asset or liability?
29 October 2018 | 61 replies
Me thinks for the homestead an irrevocable family trust would do the trick ???
Mathew Collins
Can you put the house you live in into an LLC to protect it.
14 May 2018 | 14 replies
irrevocable family trust does a good job.LLC at least for me is just an accounting function and to clearly denote investment from personal.
Lane Kawaoka
Ideas for paying for College Expenses with Coverdell, 529s, etc
17 December 2017 | 6 replies
.• Can't use trusts to hide the asset, but can use irrevocable trusts• There are tax credits but check your taxable income so you don't phase out
Aaron Taulbee
Protecting Primary Home
13 December 2011 | 6 replies
However, if I were to own a high end property worth quite a bit, I would have it buried deep in an irrevocable trust.