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28 October 2015 | 9 replies
That way it is easy to fix and identity the error.9.
6 July 2013 | 5 replies
A nominee trust is a trust created for the purpose of holding assets for beneficiaries whose identities are kept secret (this is available in the US, not just in internationally).
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7 October 2011 | 25 replies
Most, if not all, states allow trusts that can own property and operate in ways at least similar to the ways in which land trusts can be beneficial.Land trusts may not be all that some claim they are; however, they can provide benefits of sorts in the following areas:Privacy (they can make it challenging to learn the property owner’s identity;Assumption of loans (they can minimize the risk of a bank calling a note due under the due on sale clause);Minimize transfer taxes (they can minimize real estate transfer taxes when transferring property to an LLC if the beneficial interest in the property does not change);Avoiding probate (they can help avoid probate since the trust determines who the trustee and beneficiary are after the "owner" dies);Asset protection (they can help protect assets when used properly in combination with an LLC);Lower property taxes (they can help delay the tax re-evaluation of a property, as re-evaluations are often triggered by the sale of a property, while transfer to a land trust would not trigger re-evaluation.)Whether any person could benefit from using a land trust should be determined after consulting a qualified expert in the area.
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7 August 2012 | 30 replies
As Keith mentioned.Jon is right on, in reality, they sue your LLC and it could file hours after to sue you, then the defense may kick in with the title policy as it is a potential loss, if you can defend it, then you should have no problem having your LLC defend it as well.....unless your LLC did something to cloud title.I'm trying to think of an instance where your LLC could cloud title in some way that would not be covered by a new policy to a buyer....like making a deed and not filing it and having that deed surface later on...however it is not effective until filed, most policies in Section II B exclusions will exclude defects in area as to what a proper survey would show...so if you built something and it was over a property line, your policy won't cover that loss to your neighbor.....It's early and I have not had my coffee yet, can't think of an issue.Also I first advise anyone to check with a title company agent as to proper coverage and a local attorney, if the insured interests are not identical from your policy to you and to the interests held in the LLC you could have problems, no other persons were in my LLCs and my title agent/attorney would cover me in such matters, your area or TI folks may not, so check.
17 June 2009 | 17 replies
Nick,With all the identity theft going on, I would be leary of faxing my DL over to someone I didn't know either (as an agent or anyone else).
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4 February 2016 | 8 replies
- to establish a identity?
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12 January 2015 | 12 replies
Identical homes in two different parks, even in the same town, could be valued Thousands of dollars apart.
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9 May 2017 | 23 replies
Oh you would like the front door and back door keyed identical, let me look into the cost of that and I will let you know".Next day or 3 days later"I looked into it and I can get that done for about $75, did you want to add it to this months rent check or just have a check for the maintenance guy when he gets there"?
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11 February 2018 | 7 replies
A little backstory,An old landlord/property manager of mine recently used the rental application I filled out back then to apply for a credit card in my name. had I not been watching my reports on a daily basis I would not have caught it in time.so how do you protect a tenants identity while also keeping adequate records?
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11 March 2018 | 7 replies
(And there is a Person C with an identical 47 1/2 % in another irrevocable generation skipping trust.)