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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Selection of trustee... Posted by Ward-CA- on November 16, 2003 at 4:23 PM In Reply to: AJ & THT posted by PhrankC on November 16, 2003 at 10:40 AM : Will a trust prevent an abstract of judgment from sticking to the title of a property if the owner is recorded like this: : "Judgment Creditor, trustee of the Creditor Family trust" ? ================= Yes, it has for me in the past. IRS once recorded a tax lien against me for about two or three years. During that time I took a title in my name as trustee of several trusts with nary a problem in reselling them. Later, when I found out about the lien, I protested and IRS recorded a full release which nullified the lien. Since that time I've shied away from being my own trustee for privacy's sake. And when I act as trustee for others I use my LLC as the trustee. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Will a trust prevent an abstract of judgment from sticking to the title of a property if the owner is recorded like this: : : "Judgment Creditor, trustee of the Creditor Family trust" ? : ================= : Yes, it has for me in the past. IRS once recorded a tax lien against me for about two or three years. During that time I took a title in my name as trustee of several trusts with nary a problem in reselling them. : Later, when I found out about the lien, I protested and IRS recorded a full release which nullified the lien. : Since that time I've shied away from being my own trustee for privacy's sake. And when I act as trustee for others I use my LLC as the trustee. : Hope this helps. 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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