What are the benefits of a trust?
3 Replies
David Robinson
Lender from Huntsville, Al
posted 3 months ago
How can having investment properties in a trust be beneficial?
Is there any negative sides to having properties in a trust?
Greg Scott
Rental Property Investor from SE Michigan
replied 3 months ago
If you are referring to a revocable trust, there are major benefits around estate planning.
If you are referring to a land trust, I understand the main benefit is keeping your personal name off the public records. Due to the added cost and management complexity, I've never done that. I suppose if I was a famous person, that might be a good idea.
Scott Mac
from Austin, TX
replied 3 months ago
There are many different kinds of trusts.
It might help the discussion if you specify a type of trust.
David Robinson
Lender from Huntsville, Al
replied about 2 months ago
@Scott Mac Not sure which type of trust, just curious about securing properties and investments for my family,and if there were any tax or legal benefits of putting investments into a trust?