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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] No, they usually aren't irrevocable... Posted by Ward-CA on February 20, 2004 at 2:32 PM In Reply to: do title holding trusts have to be irrevocable? posted by michael cordero on February 20, 2004 at 1:07 PM : I spoke with my attorney about title holding land trusts. He recommended that the trust should be irrevocable and that 100% of the beneficial interest should be assigned to the beneficiary. Your thoughts? ==================== Trusts can be revocable or irrevocable. And the beneficial interest can held by one individual or fractionated amongst several different entities or investors. Follow Ups: Re: No, they usually aren't irrevocable... Michael Cordero 3:38 PM, 02/20/04 (1) Re: No, they usually aren't irrevocable... michael cordero 3:47 PM, 02/20/04 (0) Re: No, they usually aren't irrevocable... W. Priske (So. Ca.) 3:25 PM, 02/20/04 (3) CPA cautions against switching to irrevocable trust... Ward-CA- 4:55 PM, 02/20/04 (2) Bypass 3.3% state tax, estate tax and gift tax Darryl-CA 8:09 AM, 02/21/04 (0) Bypass 3.3% state tax, estate tax and gift tax Darryl-CA 8:07 AM, 02/21/04 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : I spoke with my attorney about title holding land trusts. He recommended that the trust should be irrevocable and that 100% of the beneficial interest should be assigned to the beneficiary. Your thoughts? : ==================== : Trusts can be revocable or irrevocable. And the beneficial interest can held by one individual or fractionated amongst several different entities or investors. 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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