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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Using the land trust/THT. Posted by Ward-CA- on December 22, 2003 at 0:13 AM In Reply to: Land trust/THT. posted by bob on December 21, 2003 at 10:53 PM : I'm thinking about learning how to use the THT/land trust for my investment properties. Is this form of ownership suitable for holding title to a prinicipal residence? Is the interest still deductible. Is there a better way to hold your principal residence if your looking for asset protection, etc. that a THT provides? I notice that many high worth individuals hold their principal residence in a trust, however I have heard that this is usually a living trust/revocable trust and the primary function is estate planning related. Thank you. =================== Bob, Yes, the Title Holding Trust (THT) is suitable for holding title to both your personal property and your investment property. As far as taxes are concerned, the THT doesn’t pay income taxes. All earnings or losses flow through it to the owners of the THT. Tax wise the THT works like a limited partnership. Hope this helps. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : I'm thinking about learning how to use the THT/land trust for my investment properties. Is this form of ownership suitable for holding title to a prinicipal residence? Is the interest still deductible. Is there a better way to hold your principal residence if your looking for asset protection, etc. that a THT provides? I notice that many high worth individuals hold their principal residence in a trust, however I have heard that this is usually a living trust/revocable trust and the primary function is estate planning related. Thank you. : =================== : Bob, : Yes, the Title Holding Trust (THT) is suitable for holding title to both your personal property and your investment property. : As far as taxes are concerned, the THT doesn’t pay income taxes. All earnings or losses flow through it to the owners of the THT. Tax wise the THT works like a limited partnership. : 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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