Family Trust-Irrevocable Family Trust

Rasputin asked: Florida.Title search says, quote:”Jane Smith and Donald Jones” co-trustees of the so and so trust dated 1/2/1996 and {my name } as their interest may appear “unquote. The reason for this is at one time these two,my sister and brother, were at one time the co- successor trustees, of the family irrevocable [...]

JP asked: I live in California - my father recently passed and put his 1/2 community property interest in a life estate within a family trust. The trustee has a life estate with the remainder going to myself and two brothers. We are concerned that the current trustee of the family trust will attempt to [...]

PlasticTrees asked: I am in the process of buying a home from a family friend. He has agreed to sell on a land contract, but after talking to a lawyer.. I’d rather sign a promissory note and a trust for deed. How can I let them know that it’s better for them and me?
I basically [...]

william p asked: Common 9 to 5 people purchase their homes through the bank by putting so much down and the bank will lend the rest but I hear celebrities purchase their homes through a trust or a family trust. Can anyone explain that to me?Craig Ausley

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Jeff G asked: We have a second home in California that’s been in the family for multiple generations. It’s currently owned by one of my parents, who is no longer interested acting as its steward. We’d like to transfer ownership of it to a trust that is jointly owned and controlled by me and my [...]

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 [...]