Keeping It In The Family
I have a question but first, here's the breakdown...
My great grandmother's house was passed down to my aunt (her daughter) when she passed away 5 years ago. My aunt hasn't put the house in her name yet.
I have this idea of wanting to setup a family trust and put the house within the trust - asset protection, etc. - and have certain members of my family be co-trustees of the trust w/ each of their children as the beneficiaries, and ultimately be able to continue to pass the house down thru generations.
Question:
How would I go about making this happen if my aunt has yet to put the property in her name? Does the property need to be in her name first beforehand?