Leaving property in trust on whatsapp (opens in a new window) Save. By Josephine Cumbo. Jump to comments section Print this page. Unlock the Editor’s Digest for free.

We are often asked how to best own rental real estate. The answer is “not in your personal name, and not in the name of a Revocable Trust or Land Trust that is considered to be owned by you for ...

Make an honest assessment of the ability of each of your children to manage the property, and then decide whether to leave the bequest outright or in trust. Some people are spendthrifts no matter ...

Dear Mr. Premack: Last month you wrote two separate columns, one about limiting liability for mineral right holders by using an LLC, and another about ways to manage rent houses if the owner ...

When it comes to passing down property, you have a few different options. You can sell it, gift it to your children, establish a trust or form some sort of legal entity like an LLC. If you choose ...

For example, if a rental property is held in a land trust, a trustee might be responsible for overseeing maintenance and collecting rent payments. Types of Land Trusts .

In 2022, not long after a new owner bought the Highland Park rental home where Ana Lopez, 66, lives with her husband, the tenants began receiving offers to leave. At first it was about $22,000 ...

DEAR BRUCE >> We own a rental property in Florida that we bought at the top of the market for $250,000. The current loan balance is $171,000 at 6.875 percent. The property is now worth about $130,000.