Difference between a revocable trust and an irrevocable trust | Siedentopf Law

[@barb5400]

Very clearly explained. Thank you.

[@cjm9390]

Thank you, Sarah.

[@moetrical243]

Thank You.

[@cameronbelgrave2042]

Like you content ..thank you

[@hannahb4671]

Thank you for posting. I wanted to put my house in a trust for my daughter to avoid capital gain tax in cause she decides to sell it when she comes of age. I still owe on the mortgage however, what would be the best option to pursue?

[@siedentopflaw]

Hannah, as long as you are the lifetime beneficiary of your trust (and certain other restrictions, but that is the big one), placing your home in a trust will not cause a problem with your mortgage. I would recommend going ahead and discussing this with an estate planning attorney in your state. If you are in Georgia, please give my office a call at [phone].

[@GrandpaGuilory-o1b]

@@siedentopflaw We are fed up with Estate Planners who promise peace of mind and run from the plan costing millions in litigation. We want Trusted Advisors to add the plan to the NICER FEDS 33-year reform Latin Law crime Interdiction Administration. With a forgery proof permission ledger Title Holding Trust and Schedule C Counterfeit Free LLC. With Police, Sheriffs, and NICER FEDS on call to arrest Trust warned, Permission Ledger Monitored, and Allied Legal Professional Trust Guardian Log Exposed Inheritance Thieves.

[@toldu21]

if i was the Creator and Settlor of an irrevocable trust with a pour-over will and i transfered an asset into the trust, open up a bank acc for the trust and then settle the trust is it true as settlor not having any connection legally to the asset and trust?

[@siedentopflaw]

If someone else was trustee and depending on the terms of the trust, you wouldn't have legal control. I think there would still be some situations in which you would be considered to have a legal connection with the trust assets. You would want to consult an attorney in your jurisdiction about the specific scenario you have in mind.

[@GrandpaGuilory-o1b]

What are you talking about your successor Trustee and Legal Team Settles the Trust Administration?