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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Title Holding Trust & Liability Posted by Eric - CA on October 01, 2001 at 11:03 PM Does the title holding trust insulate assets outside the trust from problems within the trust? I understand that if something in my life goes wrong, my creditors can go after all my assets including those in the trust. Does the reverse hold true? I thought that if it was in the trust, that if would insulate me from any "adverse" things that could happen in to the property in the trust including lawsuits, etc. Also, if I buy a piece of land at a property tax sale that has judgements against it, back mello roos fees, etc., do these things stay with the property or would I become personally liable? Also, I understand that the mello roos fees would remain after a property tax sale, do "non tax related" legal judgements stay against the title as well or do these get wiped. I have read the code and it appears that only tax/government related items remain on title. I also don't want these judgements etc. to affect me personally. suggestions, comments? Follow Ups: Re: More about the title holding trust. Ward-CA- 6:48 AM, 10/02/01 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Does the title holding trust insulate assets outside the trust from problems within the trust? : I understand that if something in my life goes wrong, my creditors can go after all my assets including those in the trust. : Does the reverse hold true? I thought that if it was in the trust, that if would insulate me from any "adverse" things that could happen in to the property in the trust including lawsuits, etc. : Also, if I buy a piece of land at a property tax sale that has judgements against it, back mello roos fees, etc., do these things stay with the property or would I become personally liable? Also, I understand that the mello roos fees would remain after a property tax sale, do "non tax related" legal judgements stay against the title as well or do these get wiped. I have read the code and it appears that only tax/government related items remain on title. I also don't want these judgements etc. to affect me personally. suggestions, comments? 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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