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26 June 2021 | 2 replies
There could be some issues concerned with the trust itself and how it was written up; is it revocable or irrevocable?
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16 July 2022 | 5 replies
I was completing some paperwork on a syndication and the options available were LLC, Individual, Corporation, Irrevocable trust and revocable trust.I asked the custodian what is the IRA considered and they mentioned IRS (I believe rule 401(a)) considers a solo 401k and IRA an irrevocable trust.Just thought I would share this as I was really curious.
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3 August 2022 | 2 replies
An irrevocable trust is about to 1031 a completely paid off multiunit into a triple net property out of state.
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1 November 2022 | 5 replies
Most will do revocable grantor trust (like a living trust) but won't touch any irrevocable trust.
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13 August 2016 | 7 replies
Have an attorney draft an irrevocable and absolute assignment of beneficial interest, have the seller sign it along with a performance trust deed or mortgage.
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23 August 2016 | 6 replies
This would protect your interest in the property.What your real concern is you need to be SURE of the language of the Trust if it can be amended, is it a revocable trust or a irrevocable trust, who is POA for trust grantor, and what powers the POA has.
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8 June 2016 | 4 replies
Hello BP FriendsI need help understanding claims to ownership in the following scenario.My father created an irrevocable trust and placed his rental property into it back in 1998.
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18 October 2015 | 2 replies
If the trust is not an active member of the LLC it could still put all the liability on you as the managing member.Is the trust a revocable trust or irrevocable trust, and how will that affect your liability and tax situation?
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6 July 2016 | 19 replies
You might wish to use an irrevocable trust to hold your property with an LLC as beneficiary, as has been done before.
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10 June 2016 | 23 replies
The most passive way to invest is to place your money in an irrevocable trust, appoint a trustee with full investment authority and never look back.