This individual ensures the pour over will is probated and the terms of the pour over will are administered according to the Client's wishes (which will be to transfer the property to the trustee).The Executor and/or Personal Representative has the least amount of power in regards to all other Estate Planning documents.

All IRA based plans are required to have a custodian to administer and report on the account.

Those activities just cannot intersect in any way with your IRA's investments in real estate.A LLC under the IRA is not required, but is generally a much more efficient tool for holding assets like real estate that generate a frequency of transactions or anything time-sensitive in nature.You can in a limited sense administer a plan held property; executing contracts, paying for expenses and receiving income into the plan.  

It really is very easy to do I just gave David some ideas in how we use LT to gain more advantages for all parties thus creative investing.Typically when these entities are setup they are in autopilot and all you do is get your check from the trustee each month..Insurance is something else entirely and yes that goes without saying a good policy is needed.You need to protect the title from the lawsuit that hits you so you need good insurance and a LT IMHO to stop any charging order or threats to the property.It is also nice to not have your name on the county records so you are off the radar screen.I just went into detail to give examples of how you can remotely administer a property via your designated trustee very simple to sign off on one letter..??

You also avoid UBIT issues (IRA taxes).While the rules can seem overwhelming at times, once you read them or have them explained to you, it is fairly easy to stay inside the rules and when that happens, you may want to choose a self-administered version where you do not have a TPA and have checkbook control of your retirement funds.

This is good for investments requiring quick closes, etc such as tax lien investments, buying at courthouse steps, etc.A more advantageous tax deferred account with more benefits is the self-administered 401k but it does require the investor to have a small (no employees) business.

you all make such conflicting points, however i've paid for the course already and once its completed im not required to take the administered exam so i got alittle more time to think about it

The best and easiest way is to have a third party administer the payments and that way, the seller is notified by the thrid party the second you don't make a timely payment.Set it up, you make the mortgage payments to the thrid party, and they in turn forward to the lender.

Religion came first, then came the politics of how to administer the religion and to who!

Virtually all states have implemented the SAFE Act (it is administered by states per the Act) and some states are more 'strict' than others.