i am familiar with the form. if i cant get it done as part of the closing process, then i think i will just have it placed in my name, and leave it like that.
i dont mind a one-time inconvenience to place a lifetime property in a separate trust.
but doing it every 3 months, just in case i die...
i have my own trust that takes care of me. it has language in it for when i get incapacitated, etc. etc.
i also have a trust created for my beneficiaries, with only language in it that takes care of them.
i plan to have every real property in its own separate trust.
so when i die, i will...
no one person is inheriting my property. i plan to keep it in trust, and distribute the income to my beneficiaries, while the corpus remains intact
at least while there is enough of a corpus to distribute amongst the beneficiaries (i am guessing a couple generations).
actually, i was hoping...
what i wanted to do is use a tod, and title it in my name
the beneficiary would be the trustee of abc trust (a trust that i have already created)
so that if i died, while i owned some property that i was flipping, that property would automatically get placed in my trust - from which all...
i look at long-term properties much differently than just these ones that i may flip. the main reason i place each of them in separate trusts may or may not make much difference to me, when i am alive.
but lawsuits against one property can only affect that property, and not creep into other...
thank you. it would only go into effect, if i die. so i will have it titled, "trustuser, a single man". and then in the beneficiary section it will be trustee of the abc trust. it will only be one trustee.
i do make separate trusts for any property that i intend to hold onto, long-term...
i am considering flipping some properties. i do not want to go thru the hassle of creating a new trust for every property.
can my beneficiary be a trustee ?
i would like to have one trust created, and then just use that as my beneficiary for all properties that i flip
you will argue about something, even when wrong, until the cows come home
there is nothing about legal marriage that involves love, or any of the things that is touted in our society
it is simply a property contract - my last post on the subject
hi , i am the trustee of my parent's trust. i think i will be able to sell the house late this year. distribute most all of it, and hold back some funds in a bank account for a year after that.
for those of you who have finished the job of being the trustee, how long are you planning on...
i dont disagree with the statement about taking care of the spouse, first. however, that could include spending all the survivor trust, first - before dipping into the family trust.
i agree that there are many ways to do it. and while there may be a number of clients who would not agree with...
it does not matter whether the 2 spouses talk or not
she is gonna be the sole decision maker about where all the assets go - whether she gives it to her children, a charity, or a pet dog
if you asked the average person what a trust is for - the overwhelming response would be to avoid probate...
i dont think my feelings would change much, if the people had been married longer
i dont think either person should allow the other spouse to determine where all the wealth is going
why should one set of children get all the benefit ?
people tend to favor their own
this "argument" from me is...
i will agree with you that it is possible a parent could do that - he would have to have a lot of hatred for the child. i dont believe this is the case, in this situation. but it could be
and of course they would stay in the same home.
but essentially, once an asset is distributed, it would...