InnoVest Resource Management's Foreclosure Forum

Home Discussion Board "Hands-On" Training Title Holding Trust Speaking Schedule Store Foreclosure Fundamentals Code References 50 State Foreclosure Basics Foreclosure Glossary Foreclosure Statistics 70+ Yrs Interest Rates Fillable Forms Archived Articles Dingbat Retirement Plan Links Contact / Map About Us Home

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Trusts - My Plan Make Sense? Posted by Mark Hamilton on April 20, 2008 at 1:59 PM Here is my current plan: I have two co-investors. If I aquire a property I intend to create THREE trusts (one for each of us, each as a percentage beneficary of the property). The trustee will be my single person LLC for each of them. At the time of sale, I will former a joint venture with the three trusts, and sell them. I assume that the only IRS return needed will be an informational one for the joint venture. Does this make sense, or should I have ONE trust with three beneficiaries? Follow Ups: Re: Trusts - My Plan Make Sense? Jerry - Ca. 2:20 PM, 04/21/08 (11) Re: Trusts - My Plan Make Sense? hard money lender 2:51 PM, 04/21/08 (10) Re: Trusts - My Plan Make Sense? Jerry - Ca. 3:27 PM, 04/21/08 (9) Re: Trusts - My Plan Make Sense? hard money lender 5:18 PM, 04/21/08 (7) Re: Trusts - My Plan Make Sense? Jerry - Ca. 10:06 AM, 04/22/08 (5) Re: Trusts - My Plan Make Sense? hard money lender 10:46 AM, 04/22/08 (4) Re: Trusts - My Plan Make Sense? Jerry - Ca. 11:38 AM, 04/22/08 (3) Re: Trusts - My Plan Make Sense? hard money lender 6:35 PM, 04/22/08 (2) Correct! (nt) Jerry - Ca. 6:52 PM, 04/22/08 (1) Re: Correct! But???? Mark Hamilton 11:24 AM, 04/26/08 (0) Re: Trusts - My Plan Make Sense? Jerry - Ca. 9:55 AM, 04/22/08 (0) Re: Trusts - My Plan Make Sense? Mark Hamilton 4:32 PM, 04/21/08 (0) Re: Trusts - My Plan Make Sense? hard money lender 5:56 PM, 04/20/08 (1) Re: Trusts - My Plan Make Sense? Mark Hamilton 4:35 PM, 04/21/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Here is my current plan: I have two co-investors. If I aquire a property I intend to create THREE trusts (one for each of us, each as a percentage beneficary of the property). The trustee will be my single person LLC for each of them. : At the time of sale, I will former a joint venture with the three trusts, and sell them. I assume that the only IRS return needed will be an informational one for the joint venture. : Does this make sense, or should I have ONE trust with three beneficiaries? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-2008, InnoVest Resource Management
http://www.foreclosureforum.com

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455