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How does one create a home trust?
You can create a home trust by hiring a lawyer to create the trust agreement. Then you can transfer the mortgage over to the name on the trust while keeping the original document.
Does SPA Trust asset protection work in bankruptcy?
It can, provided the trust is written properly and, often more important, the transfer of property to the trust is not able to be considered a fraudulent transfer. You should consult an attorney to see if it would work for you, because everyone's facts are different. Todd H's experience: "I put a home in a SPA Trust a couple years ago and recently went through a business and personal bankruptcy. We disclosed everything to the bankruptcy judge and he said it was perfectly legal and a SPA Trust is not included in bankruptcy. I still have a home to show for it."
What is the maximum amount you can put into a living trust?
In the United States, there is no legal limit to the amount one may contribute to a living trust. However, there are costly fees associated with the administration of a living trust.
Can you refinance a home in a irrevocable trust?
http://en.allexperts.com/q/Real-Estate-Home-1842/Refinancing-Trust.htm
Should 401k be put in a irrevocable trust?
No. That would result in penalties. A 401K is an individual's retirement account. Once ownership is transferred to a trust it no longer belongs to the individual.
How many years before going to nursing home to put home in a trust?
7
Can a mobile home be put into a living trust?
I don't see why not, but you would need advice from a lawyer.
Should you put the home thermostat on hold?
No, you shouldn't that would be a problem trust me. It has happened to many people.
What does In canis Confiderus mean?
In canis confiderus means "In canine we trust." I am a Military K9 Police Officer and we put all of our trust in to our canine partner knowing they will bring us home in the end.
How does one create a home trust?
You can create a home trust by hiring a lawyer to create the trust agreement. Then you can transfer the mortgage over to the name on the trust while keeping the original document.
Can a corporation be put in trust?
no
How long do red roses live for?
Depends, if it is cut diagonally it will last a couple of weeks.
How do you put trust into someone you love?
You're suppose to trust them automatically, if you love them.
Can IRA be put into a irrevocable trust?
No. A trust cannot have an Individual Retirement Account.
Can just a house and no assets be put in trust?
Yes. Your home is an asset and can be transferred to a trust. Seek the advice of an attorney in your area who is knowledgable about estate planning trusts and real estate law to make sure it's done properly.
When you place your home in an irrevocable trust who pays the property tax?
The Trust does and it becomes a deduction on the Trust's tax return.
After an irrevocable trust has been established and the grantee goes into a nursing home can the nursing home take those assets in the trust?
The nursing home can only take it if it has been less than 5 years since the Trust was established.
