Should I title my rentals in my living trust?

Should I title my rentals in my living trust?

San Diego, CA · Member since 2017 · 70 posts · 23 votes

I am single now after divorce, 58 years old. I want to buy multiple rental properties. Should I title these properties in my new living trust? I want to be able to pass them on to my kids when I die. Not asking for legal advice just your opinion.

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Joe HomsBusiness Member
Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes
9y
Joe Koppel try a land trust which works the same but provides more privacy.
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  • Joe HomsBusiness Member
    Flipper · Mission Viejo, CA · Member since 2014 · 2k+ posts · 1k+ votes
    9y
    Joe Koppel try a land trust which works the same but provides more privacy.
  • Rental Property Investor · Davenport, FL · Member since 2016 · 593 posts · 382 votes
    9y

    @Joe Koppel I would put the properties in a trust, whether it is in a living trust or land trust. 

  • Lender · Los Angeles, CA · Member since 2015 · 399 posts · 174 votes
    9y

    They should be in the family trust definitely. Either titled directly in the trust or as a beneficiary of whatever other entity you choose to title the properties in ... land trust, corp, LLC. If you don't then you have to ask yourself why have it.

  • Investor · Portsmouth, VA · Member since 2015 · 16 posts · 6 votes
    9y

    All properties need to be in trust to provide anonymity and transfer ability without re titleing asset. JUST SAYING, THIS IS NOT LEGAL ADVISE.

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