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Q: Can you leave a house in your irrevocable trust?
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Related questions

Can you be the trustee of your own irrevocable trust?

No. You cannot maintain any control over the assets in a irrevocable trust. Doing so will cause the trust to fail and leave you exposed to creditors and taxes.


Can an irrevocable trust given to one spouse by parents be the others spouse's irrevocable trust as well?

We own the house my brother and me and I would to know if you can borrow on it. Thank You


How can you tell if a trust is irrevocable?

Generally, an irrevocable trust is titled 'irrevocable' or is designated as such somewhere in the first few paragraphs.


What is the difference between credit shelter trust and irrevocable trust?

What is the difference between credit shelter trust and irrevocable trust?


If timber is sold on land in irrevocable trust should it go into the irrevocable trust account?

no


Can a testamentary trust be revocable?

No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.


How can you purchase real property directly into the irrevocable trust?

you'd need to get a Loan against the house


Is there a settlor in an irrevocable trust?

if a settlor of an irrevocable trust feels that he was not properly informed by his attorney of all the restrictions what can he do


Is property held in an irrevocable trust protected in bankruptcy?

Can you protect your assets from bankruptcy by placing them in an irrevocable trust?


Can an irrevocable trust be added to the deed of a house?

An irrevocable trust cannot be added to the deed of a house. Once assets like a house are placed within an irrevocable trust, they are owned by the trust and not the individual, so they cannot be added to the individual's deed.


Where can I get more information for an irrevocable trust?

You can get information on what a irrevocable trust is at the following sites I found for you to have a look at www.dummies.com/.../revocable-versus-irrevocable-trusts.htm ,en.wikipedia.org/wiki/Trust_law


Where is the form for the irrevocable trust Is the living trust the same as an irrevocable trust?

The biggest difference between the trusts is that the Living Trust is revocable and can be changed over time. For detailed information visit: http://www.ultratrust.com/revocable-trusts-vs-irrevocable-trusts.html