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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Property Title Trusts Posted by Ward-CA- on October 17, 2001 at 7:00 AM In Reply to: Property Title Trusts posted by B Beneteau on October 16, 2001 at 6:49 PM : Ward: I have had a Family (A/B) Trust for 25 odd years. It is registered with the federal government, and all my RE holdings are in the Trust. In fact, I own nothing, everything is in the Trust. : Question 1: What are the ramifications in renaming this Trust to some fictional name like ABC Property Trust and to eliminate my name from the title? Is this possible? Would I get the same benefits as your Property Title Trust? : Question 2: Is it possible to record this trust in some far-away, tiny county in North Dakota for example? Reason being to make it difficult to trace? : Ben =•=•=•=•=•=•=•=•=•=•=•=•= Ben: Answer 1: Renaming the trust wouldn’t eliminate your name from the title if your name also remained as the trustee. It would probably work best if you just named a successor trustee, in the form of an LLC , as your new trustee. Answer 2: A trust itself is never recorded. And it doesn’t make sense to try to record a deed to property located in Orange County, CA in some other county in North Dakota. To have any force and effect a deed, trust deed, etc. would have to be recorded in the county where the property is located. Answer 3: And no, it really isn’t much help to have your trustee in some distant spot in the world, out of reach of our legal system. What I think is better is to have a local trustee because of the convenience but in the form of an LLC that doesn’t carry with it personal liability. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Ward: I have had a Family (A/B) Trust for 25 odd years. It is registered with the federal government, and all my RE holdings are in the Trust. In fact, I own nothing, everything is in the Trust. : : Question 1: What are the ramifications in renaming this Trust to some fictional name like ABC Property Trust and to eliminate my name from the title? Is this possible? Would I get the same benefits as your Property Title Trust? : : Question 2: Is it possible to record this trust in some far-away, tiny county in North Dakota for example? Reason being to make it difficult to trace? : : Ben : =•=•=•=•=•=•=•=•=•=•=•=•= : Ben: : Answer 1: Renaming the trust wouldn’t eliminate your name from the title if your name also remained as the trustee. It would probably work best if you just named a successor trustee, in the form of an LLC , as your new trustee. : Answer 2: A trust itself is never recorded. And it doesn’t make sense to try to record a deed to property located in Orange County, CA in some other county in North Dakota. To have any force and effect a deed, trust deed, etc. would have to be recorded in the county where the property is located. : Answer 3: And no, it really isn’t much help to have your trustee in some distant spot in the world, out of reach of our legal system. What I think is better is to have a local trustee because of the convenience but in the form of an LLC that doesn’t carry with it personal liability. 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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