AJ Stanis
Question about inheritance buyout and Prop 19 tax benefit on property in CA
10 February 2024 | 4 replies
I am inheriting a property in CA with my siblings, the property is in an irrevocable trust and I am looking to buy them out.
Daniel Bither
Property transfer & taxes
11 February 2024 | 7 replies
If you're curious about the loan process, you could start by looking at a company called Commercial Loan Corporation, who often specializes in loans to irrevocable trusts and is very familiar with the loans in regards to the property tax savings; my recollection is that they have some marketing materials on their website.
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
<< This legal site says >> Creating an irrevocable trust could be a possible solution to avoid Prop 19 taxes.
Matthew Bernal
Trusts, LLCs, and AirBnBs
9 February 2024 | 5 replies
Figure out what you are trying to accomplish, and then look for the simplest structure that will accomplish that.Generally working with irrevocable trusts is primarily an estate tax planning tool.
George Post
Mother Inlaw Inherited 50% of a property, what do we do now?!?!
2 February 2024 | 2 replies
It was in an irrevocable trust (thank god... as she needed to go to a nursing home later in life).
Cheryl Burd
LLC vs Living Trust
2 February 2024 | 7 replies
Does it matter if it is an irrevocable living trust or just a living trust?
Timothy Michael Mick
90 Year Old with a Dead House - 550k - How to Structure
16 January 2024 | 12 replies
The biggest risk to me is being taken to court by her family who will inherit the deed.Is there some creative way such as setting up an irrevocable trust so that upon her death, I inherit deed to the property and her family inherits a note to what I still owe?
Mas Yoshida
Growth Strategy and Self Directed IRA Rules
16 September 2016 | 14 replies
Eventually this property will be transferred to my wife (through inheritance or irrevocable trust).
Jens Nielsen
Lawyer to create land trust in Albuquerque, NM
1 September 2016 | 2 replies
Typically are land trusts irrevocable or revocable trusts?
Mario F.
removing old tenant with rent control from duplex deal
7 September 2016 | 22 replies
Just trying to learn, will an irrevocable statement (mixing another language like an Irrevocable Standby Letter of Credit / Irrevocable SBLC) or something similar of an instrument where both parties cannot take back what is in writing UNLESS another instrument is provided before the original is due.