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
Pulled Over By police officer
When a police officer pulls you over, there are certain steps you must take to make it easier for you to challenge the ticket in court. When you hear the siren ...
READ MORE
Power of Attorney
Power of Attorney is a lawful document which grants you the legal right to appoint another individual to act on your behalf and manage your financial affairs, property or health ...
READ MORE
Difference Between DUI and DWI?
Within the field of regulation, there's much concentration on DUI and DWI prosecutions. With the amazing data for both in Texas, it is incredibly essential to become informed on the ...
READ MORE
How do I know if I need a lawyer for a landlord tenant dispute?
Often times, landlord tenant disputes in which renters and residence owners will claim over issues such as maintenance of residence, increasing of the lease, disturbance, trespassing, rental and comfort issues. ...
READ MORE
How to get your security deposit back?
Before you can move in to a rented apartment, you have to deposit a big amount of money to the landlord first. This money is called the security deposit. This ...
READ MORE
What are the Dos and Don’ts when you are not able to pay rent on time
You don’t have to worry about getting evicted if you can’t pay rent on time. You won’t, not right away at least. It’s inevitable to run short on funds. It’s ...
READ MORE
Traffic Laws in the US
Traffic laws in the United States vary because every state enacts its own regulations and laws. America has a strict judicial system. There are different sets of traffic laws in ...
READ MORE
Chapter 7 Bankruptcy
If you go for Chapter 7 bankruptcy, you may have a lot or all of your debts canceled. On the other hand, you might need to sell some or all ...
READ MORE
Car Accidents and Law
Car injuries signify the majority of accidental injuries statements in the United States. According to the National Road Traffic Safety Management, a car incident occurs in the U.S. every ten seconds ...
READ MORE
Different investment property purchasing options
Investing in real estate property has become a trending way to earn a profit for the last 50 years. It is important to learn the different property purchasing options and ...
READ MORE
Pulled Over By police officer
Power of Attorney
Difference Between DUI and DWI?
How do I know if I need a
How to get your security deposit back?
Not able to pay rent on time? Dos
Traffic Laws in the US
Chapter 7 Bankruptcy
Car Accidents and Law
Different investment property purchasing options