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
Which terms should be there in your Lease and Rental Agreement
There are terms you need to look out for before you sign a lease or rental agreement. That’s because if you’re not careful enough, chances are, the landlord or landlady ...
READ MORE
Defenses: Most often raised to drunk driving charges?
Drunk Driving is the act where in the driver drives the vehicle under the influence of alcohol or drugs. This is to such an extent that the person does not ...
READ MORE
Open container violation
While driving your car, you are not allowed to have any alcohol containers, such as bottles and cans, that have been opened, having broken seal, nor had its content partially ...
READ MORE
Bankruptcy filling without an attorney
Within the 2005 legal guidelines, customers have to choose credit score guidance before submitting a new individual bankruptcy request. Consumers are also subjected to an easy method check, to determine ...
READ MORE
Buying or Selling real estate property
If you are not an expert in buying or selling a real estate property, you need the help of a sales agent to walk you through the entire process. You ...
READ MORE
DUI:Driving under the influence
Dui (DUI), generating while intoxicated (DWI), drunk(en) generating, drink generating, working under the impact, generating under the impact, or impaired generating is the criminal activity of generating a automobile with ...
READ MORE
How to win Child Custody
Parents who desire to win child custody in the court should first understand the child custody laws in their jurisdiction. The key to win child custody is proving that you ...
READ MORE
DWI: Driving while intoxicated
Operating  or driving a motor vehicle while under the influence of alcohol or drugs that impair your driving skills and perception is a crime in the United States which is ...
READ MORE
Common Commercial Lease Terms
The commercial lease clauses are the written and binding agreement on the real estate you will rent for your business. It will help you avoid trap and negotiate for bargains ...
READ MORE
Workers Compensation Act
The Longshore and Harbor Workers Compensation Act (LHWCA), administered by The Office of Workers Compensation Programs (OWCP), provides for compensation and medical care to certain maritime employees (including a longshore ...
READ MORE
Which terms should be there in your lease
Defenses: Most often raised to drunk driving charges?
Open container violation
Bankruptcy filling without an attorney
Buying or Selling real estate property
DUI:Driving under the influence
How to win Child Custody
DWI: Driving while intoxicated
Common Commercial Lease Terms
Workers Compensation Act