If I purchase a home in the state of TN from an Irrevocable Trust, can a creditor (not a lien holder) seek relief, payment from me? Must the trust or the lender hold the funds for a period of time before disbursement...
Hello,Does anyone know if and how one would be able to borrow money from a home that is in an irrevocable trust. The home has about 100k available to borrow...parents live in the home...trust is in the parents, mine a...
Anyone worked with platinum trust group Bruce Mack. Claims best asset protection and deferred income and cap gain tax, with his titanium irrevocable trust. Like to hear any feedback on the concept.
An attorney told us that an LLC would be best protected if an irrevocable trust is a 10% owner of the LLC. We've decided not to retain the services of this attorney. I'm not asking for legal advice here, just your u...
I spoke to a company that works with my CPA that has offered to create me an irrevocable trust in order to reduce my passive income tax liability to zero, reduce my active income (real estate commission) to nearly not...
Are there any attorneys in Denver who set up real estate trust.
Hey all,I know about the due on sale clause if you try to transfer ownership of a property to a LLC. Can I do the following to go around it?For my situation I am planning on going 50/50 capital with 1 partner to buy a...
Good Day!We have a rental SFR that is currently in an Irrevocable Trust. Sadly, the Grantor has passed away (Grandmother in-law) and the trust has served its purpose and the asset is now ready to removed from the irre...
Hello BiggerPockets! I have recently been lucky enough to get an inheritance. The funds are sitting in an irrevocable trust that has been setup by my Estate Attorney. I would like to use this money to invest in inv...
Hi everyone, just had some technical questions I was looking for answers to with regards to irrevocable trusts and what you would recommend I do with some assets in there. Thanks!