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Title Holding Trust - Irrevocable or revocable

Posted by Matt on September 25, 2001 at 9:26 AM

Ward,

I am close to buying a house that will be titled to a trust with me as trustee. The homeowner's insurance company is placing a lot of importance on whether it's a revocable or irrevocable trust, and the answer will have impact their coverage cost. (I think they demand irrevocable). Which type do you use? Is either one OK if the intent is to flip the property in a few months?

Thanks


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