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Looks like you're hooked on trusts...

Posted by Ward-CA- on October 23, 2006 at 10:35 PM

In Reply to: Re: Privacy via a title holding trust... posted by hard money lender on October 23, 2006 at 9:01 PM

HML,

1). Yes, applies to all properties across the board.

2). Yes, that’s why ALL of my mail comes to the office—not my home.

3). There are lots of trustees for hire in Illinois, Florida, Michigan, etc. Here in CA I’m the trustee for about 15 folks. I charge $100 yearly.

4). The vesting language of a trust usually goes like…
“Rendezvous, LLC as Trustee of the Elm Trust, dated 05-05-05”

Hope this helps,

----Ward----

=================================

: Hi ward,

: thanks for the insight. so they typically go back 5 years, that is good to know. does this apply to my personal home ?

: it would seem to me that in order to protect my home, i might actually have to have a mailing address different from my home, figuring just about anyone can find out your mailing address.

: also, with regard to the trust - how do people go about finding someone other than themselves, to act as a trustee ?

: i currently have one rental property, in my name, but i have a notarized grant deed for it, placing it in a trust, that is only intended for that one property. that trust then names my living trust as its beneficiary.

: if i had a property on 123 elm st, would there be any problem with naming the trust "123 elm street trust - john jones, trustee." ?




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