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
Real Estate law
Real estate law isn't the simplest reasonably law to know whether or not you're shopping for or commerce at home. It's very important that you simply opt for a legal ...
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
Investing in commercial property: know the pros and cons
A commercial property, just like any other real estate, is a good investment. Examples of commercial properties include office buildings, retail buildings, industrial buildings, warehouses, apartment buildings, and properties that ...
READ MORE
What to do when your landlord harassed or threatened you
Several forms of harassment could occur between a tenant and the landlord. Most of the time, it's the landlord who gets the upper hand because he is the owner of ...
READ MORE
Roommate and late rent payment?
Living in a house or an apartment with a roommate can be fun, especially if that roommate is your friend. However, when your roommate pays rent late, your friendship might ...
READ MORE
How to hire a real estate attorney?
It's really a great idea to hire a real estate attorney early on because it will help you save more time and money as well as defend you from various ...
READ MORE
Criminal Charges
Criminal law covers crimes, prosecution and defense. According to the rules and statutes written by Congress and state legislators, dealing with any criminal activity that causes harm to the general ...
READ MORE
Basics of Business Partnership
By definition, a partnership is a business with more than just one person or one owner running it. A partnership refers to businesses with owners who have not filed legalities ...
READ MORE
What if your tenant and/or his guests have committed some illegal act/crime
Tenant illegal act or crime conducted on your rented property is a good ground for eviction. It's also a good ground for you to be criminally prosecuted if proven that ...
READ MORE
Top reasons that can severely affect your landlord business
There are mistakes that will definitely affect your landlord business and these are what you should avoid. 1.Tenant discrimination intentionally or unintentionally. This warrants a one-way ticket to a legal proceeding. ...
READ MORE
Real Estate law
How to deal with your business debts
Investing in commercial property: know the pros and
Legal aid in landlord harassment
Roommate and late rent payment?
How to hire a real estate attorney?
Criminal Charges
Basics of Business Partnership
Tenant illegal act
Top reasons that can severely affect your landlord