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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] A simple nip and tuck does the trick... Posted by Ward-CA- on February 14, 2010 at 6:30 PM In Reply to: Is Ward's Current Trust Declaration Verbiage Accurate in a Multi-Entity Partnership? posted by David Robinson on February 12, 2010 at 6:05 PM David, You don’t need to alter the language of either title holding trust. You would simply put a provision in your general partnership agreement that would read like the following: PARTNERSHIP REAL ESTATE. All interests in real property owned or held by the Partnership, shall be held on behalf of the partnership, by a trustee in a title holding trust known as (Trust A – Investor Trust). Hope this helps, ------------Ward ===================== Hi Everybody: : Thanks to Ward and his great training, we have successfully purchased several properties at Trustee Sales recently and structured each purchase as we learned from Ward as follows: : A Partnership consisting of Two Trusts (Trust A - Investor Trust and Trust B - Authorized Partner Trust). : The Partnership actually takes title. When you review the Trust Declaration provided by Ward, the verbiage is all directed towards a Single Trust taking title (not a multi-entity scenario). : Has anybody altered the verbiage of the Trust Declaration to better fit the scenario where the Partnership actually holds title and not the Trust? (see items 2,3,4,5 and 7 of the Trust Declaration). These items seems to be needing some verbiage alterations...sure would love some help on this as our investors are confused a bit reading that the Trust Declaration refers to the Trustee holding title to the Trust, etc. : Thank you in advance for any help we can get on this! : David Robinson - Murrieta, California Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : David, : You don’t need to alter the language of either title holding trust. : You would simply put a provision in your general partnership agreement that would read like the following: : PARTNERSHIP REAL ESTATE. All interests in real property owned or held by the Partnership, shall be held on behalf of the partnership, by a trustee in a title holding trust known as (Trust A – Investor Trust). : : Hope this helps, : : ------------Ward : : ===================== : : Hi Everybody: : : Thanks to Ward and his great training, we have successfully purchased several properties at Trustee Sales recently and structured each purchase as we learned from Ward as follows: : : A Partnership consisting of Two Trusts (Trust A - Investor Trust and Trust B - Authorized Partner Trust). : : The Partnership actually takes title. When you review the Trust Declaration provided by Ward, the verbiage is all directed towards a Single Trust taking title (not a multi-entity scenario). : : Has anybody altered the verbiage of the Trust Declaration to better fit the scenario where the Partnership actually holds title and not the Trust? (see items 2,3,4,5 and 7 of the Trust Declaration). These items seems to be needing some verbiage alterations...sure would love some help on this as our investors are confused a bit reading that the Trust Declaration refers to the Trustee holding title to the Trust, etc. : : Thank you in advance for any help we can get on this! : : David Robinson - Murrieta, California [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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