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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: No, they usually aren't irrevocable... Posted by Michael Cordero on February 20, 2004 at 3:38 PM In Reply to: No, they usually aren't irrevocable... posted by Ward-CA on February 20, 2004 at 2:32 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. Ward, Is there a benefit to making the trust irrevocable? What are the pro's and con's of each? As always, thanks for your quick follow up. Follow Ups: Re: No, they usually aren't irrevocable... michael cordero 3:47 PM, 02/20/04 (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. : Ward, : Is there a benefit to making the trust irrevocable? What are the pro's and con's of each? As always, thanks for your quick follow up. 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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