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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: irrevocable trust Posted by rickr on January 23, 2004 at 3:30 PM In Reply to: irrevocable trust posted by gcastro on January 22, 2004 at 4:23 PM Depends on the circunstances. If there is a lien on the property, like an abstract of judgemet, title companies will look at how much time has elapsed between the time you recorded your deed and the time the lien was recorded (title companies usually look up to a year after)then according to that time, the title company might decide not to insure it or insure it, since they fill that a judge could determine that it was a fraudulent transfer to avoid the lien. Rickr : Lets say that a seller places their property into an irrevocable trust, naming me as 100% beneficiary of the trust, and after two weeks from the deed being recorded, a judgement gets recorded against the seller. Would this irrevocable trust trust avoid this judgement and would a title company have a problem to insure it when reselling the property? Is that how effective an irrevocable trust can be? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Depends on the circunstances. If there is a lien on the property, like an abstract of judgemet, title companies will look at how much time has elapsed between the time you recorded your deed and the time the lien was recorded (title companies usually look up to a year after)then according to that time, the title company might decide not to insure it or insure it, since they fill that a judge could determine that it was a fraudulent transfer to avoid the lien. : Rickr : : : Lets say that a seller places their property into an irrevocable trust, naming me as 100% beneficiary of the trust, and after two weeks from the deed being recorded, a judgement gets recorded against the seller. Would this irrevocable trust trust avoid this judgement and would a title company have a problem to insure it when reselling the property? Is that how effective an irrevocable trust can be? 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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