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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Putting a family members property into a trust Posted by Camille Calenda on April 15, 2003 at 11:33 AM Hi Ward-- My brother and a partner just closed on the purchase of an apartment complex and I'm putting it into a trust for them. I used your "Trust Paperwork Flowchart" to verify all the docs I needed but had a question when I got to the lender & insurance letters. Since the lender instructed the title co. at close to prepare the deed a certain way...will this letter affect the new commercial loan if I notify the bank so soon about new vesting? Or do I not send this doc since no address is changing. And for the transfer tax on the new deed can I put " $0 Transfer to a Revocable Trust" or do you suggest something else. Thank you, Camille :) Follow Ups: Why wasn't the original buyer the trust?? Ward-CA- 6:28 AM, 04/16/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hi Ward-- : My brother and a partner just closed on the purchase of an apartment complex and I'm putting it into a trust for them. I used your "Trust Paperwork Flowchart" to verify all the docs I needed but had a question when I got to the lender & insurance letters. Since the lender instructed the title co. at close to prepare the deed a certain way...will this letter affect the new commercial loan if I notify the bank so soon about new vesting? Or do I not send this doc since no address is changing. : And for the transfer tax on the new deed can I put " $0 Transfer to a Revocable Trust" or do you suggest something else. : Thank you, : Camille :) Optional Link URL: Link Title: Optional Image URL: [ 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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