Posted on: 02nd Mar, 2010 08:57 am
I have possesion of three properties, that are paid in full and were quit claimed to me. I am "holding them" at the request of the now deceased relative, who wants them to go to his grandchildren when they reach a certain age. He gave me funds to pay for the taxes on the properties until that time. I really don't care to have these properties in my name, as I will never sell them or use the equity in them to obtain a loan etc. Although they are in my name, I don't consider them to be "mine." Would it be good to put these properties in a trust with the conditions my relative outlined?
Hi Guest,
It is a good option to place the properties in a trust with the conditions that your relative has outlined. For further assistance on this regard, you can contact an attorney. He will guide you in a better way to complete the required documentation.
Thanks
It is a good option to place the properties in a trust with the conditions that your relative has outlined. For further assistance on this regard, you can contact an attorney. He will guide you in a better way to complete the required documentation.
Thanks