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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] A very basic Title Holding Trust question for Ward Posted by jom-CA on August 19, 2003 at 10:34 PM Hello Ward I had a discussion with a fellow investor who has had trouble with the THT in the past. It seems not only does the seller get confused, so do certain title companies. OK, I realize that maybe this investor may NOT have done a good job of explaining given they are new to it but it seems to me this whole process can be a bit simpler. Just answer me this, Ward: Why can't you just set up the Trust Declaration like a normal "good ol'" Grantor trust? Another words, create a Trust that has the Investor (ie Buyer) as both the Grantor and the Beneficiary, and have someone (a friend or whatever) be the Trustee. Then when you buy the property from the Seller just have them grant the property DIRECTLY to this Trust. You don't even have to have the Seller involved with the Trust at all. You can still name it "Seller Family Trust" or whatever but there would be NO NEED to do the "Assignment of Beneficial Interest" at all. Title companies wouldn’t seem to have a problem, at least not anymore than they would with the “Assignment” method. It just "looks" like a Living Trust. That is if they ever saw the Trust Declaration at all, which you really don't ever show them anway. Fast, clean, simple... I just don't see a need to do all that other “assignment” stuff and you might even avoid confusing the seller. I mean, either way it "shields" the due on sale so what's the difference? To the outside world the Trust looks EXACLY THE SAME as your "assignment" method. What am I missing here? TIA Ward. jom Follow Ups: Basic trust questions Ward-CA- 8:29 AM, 08/20/03 (3) But who is going to know??? jom-CA 9:20 AM, 08/20/03 (2) I don't want to lie, especially when I don't have to... Ward-CA- 5:53 PM, 08/20/03 (1) Re: I don't want to lie, especially when I don't have to... jom-CA 7:25 PM, 08/20/03 (0) Post a Followup: Name : E-Mail : Subject : Comments: : Hello Ward : I had a discussion with a fellow investor who has had trouble with the THT in the past. It seems not only does the seller get confused, so do certain title companies. OK, I realize that maybe this investor may NOT have done a good job of explaining given they are new to it but it seems to me this whole process can be a bit simpler. Just answer me this, Ward: Why can't you just set up the Trust Declaration like a normal "good ol'" Grantor trust? Another words, create a Trust that has the Investor (ie Buyer) as both the Grantor and the Beneficiary, and have someone (a friend or whatever) be the Trustee. Then when you buy the property from the Seller just have them grant the property DIRECTLY to this Trust. You don't even have to have the Seller involved with the Trust at all. You can still name it "Seller Family Trust" or whatever but there would be NO NEED to do the "Assignment of Beneficial Interest" at all. Title companies wouldn’t seem to have a problem, at least not anymore than they would with the “Assignment” method. It just "looks" like a Living Trust. That is if they ever saw the Trust Declaration at all, which you really don't ever show them anway. Fast, clean, simple... : I just don't see a need to do all that other “assignment” stuff and you might even avoid confusing the seller. I mean, either way it "shields" the due on sale so what's the difference? To the outside world the Trust looks EXACLY THE SAME as your "assignment" method. : What am I missing here? : TIA Ward. : jom 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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