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Irrevokable Trust vs THT

Posted by frankCA on January 05, 2004 at 1:16 PM

Hi Ward
What are you thoughts about using an Irrevocable Trust to hold property because it is exempt from CA 3.3% withholding? It must have some major draw back or you would be using it instead of the THT (Title Holding Trust) which is not exempt. My Scotch proclivities really scream at $800 annually LLC fee even if it is deductible. It is deductible???? Thanks for letting me rant and rave. Regards Frank


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