HelloI am 32 years old, and I currently have over seven figures in the stock market and own over twenty-five rentals worth around $4,000,000 and $500,000 in equity. I will be meeting with an estate lawyer this week. A...
My wife and I just added our children to the deed of our house, which we currently have a mortgage on. We also happen to be in the middle of applying for a HELOC with the same mortgage lender. We started the applicat...
I would like to set up and Irrevocable Living Trust to hold my properties and use an LLC to run the business, thus keeping my assets protected. Is this realistic or even how it can be used? Is just using 1 LLC enough...
My home that I currently live in is owned by my wife's father-in-law (through her mom's marriage to him). He is getting on in his years and placed the home in his trust. It is to be inherited by my wife upon his passi...
Can someone give me a brief about pros and cons of putting properties into a trust.I heard it can save your property when someone is trying to sue you , and save the hassle of probate when both couple passed away so t...
Hi,
I'm looking to purchase a large income producing property very soon. However, I'm wondering would it be more beneficial to place the property in a trust or should I place it in my yet to b...
I just came from the bank to open a bank account for the newly formed LLC that will hold the property I am purchasing. My LLC is formed in PA and I live in NY.
In the incorporating documents, I put my trust as the o...
Recently attended a Local REIA Meeting, and the speaker mentioned something of using a Land Trust as a holding place for your LLC to increase your level of asset protection and decrease your odds of potential lawsuits...
Hi everyone,My house is in the probate process of being transferred to me and a family member. The family member is younger than me so, therefore the financial stuff will fall on me. Trying to look at options to fix u...
I manage my mother-in-law's irrevocable trust that owns two rental homes. I'm interested in acquiring a third, and would like more information on the process of obtaining a mortgage.There's lot of information out the...