Family Trust-Irrevocable Family Trust

27ysq asked: I am paying on a mortgage. Should I consider placing it in a trust? It is our primary residence, only residence. I want to protect it from anyone who may ever try to sue me, or my family. We live in Illinois. So what are the advantages or disadvantages? Cost of [...]

cneron asked: I am not talking about inheritance tax of the individual trust members. I understand that the trust itself is taxed upon the sale price. I am curious what the percentage is.Kyle Bargar

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bobm196 asked: Is it possible to get a mortgage for a single family investment home (non owner occupied) under the credit of a corporation, LLC or Trust alone..If so what are the requirements and what lenders do this?
Thanks!Ali Gresko

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JT6+1 asked: Is it best to refinance in the trust or to sign the house over to a family member with better credit and refinance and then put into trust?Vicky

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Va Va asked: My in laws passed away leaving in a trust their home which is paid for. The house then went to my husband and his sister. The sister has passed away. House is being rented out, to my husband as the landlord. If my husband dies, who would get the house?
So if [...]

cola asked: My grandmother passed away and I am looking to purchase her house. The house now belongs to her trust, ‘the estate of …’. I will need to take out a $185,000 loan even with a down payment of over 20%.
IRS tax form 5405 states: “Who Cannot Claim the Credit” “You acquired your home [...]

recommendedattorney asked: Can you put the deed of a low income house into a family trust or real estate trust. I’m in a risky business and I would like to make sure my family will not lose our house in case of a lawsuit.Omega Nellis

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Katie asked: We are running a leasing business in our hometown in the philippines. my uncle during the settlement of my grandparent estate was appointed to be the Administrator until the deliveries of partition is completed. However, my uncle being the eldest among his other siblings and co-heirs, would act and decide things without asking [...]

DC asked: the house is in bad shape and no one wants the responsibility. the house is in a good neighborhood in san francisco. i think it would be worth it to keep the house and the house has been in the family close to 50 years, i am also the trust administrator. [...]

anonymous asked: I am talking about taking personal loans for thenselves before the money is distributed to the remaining beneficiaries. What does it mean when an atty says the other co-trustee needs to re-establish the Trust Bank acct? What can happen?Cordelia Gunn

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