25 August 2017 | 6 replies
So, a client of mine bought a property with a conventional mortgage and Deeded the property into an irrevocable trust Now, after a number of years the lender caught on and is calling the loan.
31 August 2017 | 0 replies
Are there lenders willing to refinance properties in Irrevocable Living Trusts?
8 September 2017 | 16 replies
Google "piercing the veil".Now here's the one where it sounds great on paper but I'm sitting here like...ehhhhhCreating an Irrevocable Real Estate Trust for each property where the grantor (you) give the trustee (your LLC) full benefits of the property.
2 October 2018 | 4 replies
A Medicaid irrevocable trust can offer protection... but you should speak with a CPA who has expertise in estate planning along with a good estate planning attorney.Regarding gifts, if they gift you a property worth $150,000, they need to file a gift tax return.
10 October 2018 | 5 replies
General administrative things to handle when it comes to a Trust/Estate.A Revocable Living Trust becomes Irrevocable at date of death, thus triggering the possibility of filing a Trust Income Tax Return, IRS Form 1041.
14 October 2018 | 2 replies
Two common techniques I have incorporated with clients is to use a double corporation strategy or the utilization of a discretionary irrevocable trust.
20 October 2018 | 5 replies
There are ways to mitigate this tax, by either using a double corporation strategy, discretionary irrevocable trust, or life insurance.
14 October 2018 | 9 replies
To my knowledge only an irrevocable trust would do so.
16 July 2018 | 5 replies
I would like to set up and Irrevocable Living Trust to hold my properties and use an LLC to run the business, thus keeping my assets protected.
16 June 2018 | 19 replies
I suppose if I had met you and you were willing to put 10 months into irrevocable escrow, paid out to me each month (plus I would collect first/last/deposit), I might consider it, kind of along the way we will sometimes allow college student parents to pre-pay for their kids that they've co-signed for in a unit, if we had a unit that was proving difficult to move.