If you want to be one of those who were wise to disguise their names as owners to their real estate investment, you can consider doing it so with a real estate lawyer and under a real estate trust.

It’s certainly legal and there are certain advantages to it:

It necessarily helps you avoid double taxing especially when there’s a number of people showing the same interest on the property;
In a consolidated way, real estate trust records relationships and of multiple owners.
It also offers asset protection if a lawsuit is filed against you.
With real estate trust, it is easier to transfer your real estate property to your loved ones so you can avoid death taxes. It will also easily set the right time and the right way on how your will would be executed. In any properties listed under an individual name, this would warrant time consuming trips to the court. Real estate trusts will save you from that.

Here are the disadvantages:

It’s expensive, as in $3,000 expensive and more if the trust is too complex.
It is complex process.
It requires meticulous and specific definition of assets protected and retitled. For example, if you have placed your home in the trust, your other assets will be subjected for probation.
As you die, your estate will definitely be facing more expenses, as tax returns and value assets will have to be paid by the trust.

Consult your real estate planning lawyer if you have queries about real estate trust.

Related Posts
Too many people living in single rental unit….what to do?
Defining how many people can live in a rental unit is one of the biggest problems that some landlords have to face. The legally defined specifics vary per state. This ...
READ MORE
Renting Office Space: Know What’s Involved
Office spaces are efficient for business owners and entrepreneurs to run their operations. Sometimes, sharing these commercial spaces with another person in the same line of profession or business is ...
READ MORE
Landlord and Tenants: Roles and responsibilities
In this article, I am going to examine the nuts and bolts of duties and responsibilities of landlord and tenants which come under the landlord-tenant law in the United States. ...
READ MORE
Divorce Legal Services
Divorce formally dissolves the legal marriage. The married couples do not have the constitutional rights to proceed for the divorce but the state laws permit the couples to divorce in ...
READ MORE
How to check your landlord?
Just as the landlord screens the tenants, you should also check out your landlord. Your landlord wants to know if you are diligent in paying the rent. You should also ...
READ MORE
Important part in your dui case
You might not agree with the results of the police report for your DUI case the first time you see it. The report contains the results of the field sobriety ...
READ MORE
How to deal with your business debts
Around 90 percent of businesses fail before they even reach ten years. And in this challenging economy, it would be normal if your business would dwindle down to failure. This ...
READ MORE
Why Should a Landlord Hire a Lawyer?
If you have some real estate properties on rent, you may not need a staff lawyer, but it would be best to consult a lawyer constantly. Just like any other ...
READ MORE
Punishments And Penalties for DUI/DWI
No crime goes unpunished. No other crime in the US gets more offenders behind bars than Driving Under the Influence or Driving While Intoxicated offenses. Laws per state vary but ...
READ MORE
Child Abuse
Kid misuse is the actual, sex-related or emotional maltreatment or ignore of kids or kids. In the United States, the Centers for Disease Control and Prevention (CDC) and the Department ...
READ MORE
Too many people living in single rental unit….what
Renting Office Space: Know What’s Involved
Landlord and Tenants: Roles and responsibilities
Appearing in Divorce Court
How to check your landlord?
Important part in your dui case
How to deal with your business debts
Why Should a Landlord Hire a Lawyer?
Punishments And Penalties for DUI/DWI
Child Abuse