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Foreclosure Forum |
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Re: A Trust Can Hold AnythingIn Reply to: Re: A Trust Can Hold Anything posted by JK on December 20, 2003 at 5:00 PM : : You can put any asset into a trust, if the language of the trust supports its disposition by the trustee. Cash, real estate, stocks, bonds, a car, a boat, your baseball card collection. Whatever. : : A for what the DMV does, I have no clue. But the logical answer would be that the trustee is recorded as the "owner" of the car for communication purposes. : Thanks for answering the first question, but what about the second and third questions? I know for a home you need a Deed, Trust Declaration & Certification, but what about a car? I'm going to call the DMV, but I'm not expecting them to have alot of answers or even know what I'm talking about. Has anyone actually put a car in a trust? just bring the personal trust docs to the DMV...as for insurance, you will be asked to be added as a secondary insured besides the trust. Follow Ups: Post a Followup:
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