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Honored Contributor
JustJazzmom
Posts: 17,677
Registered: ‎03-09-2010

Re: Legal House Deed Question....

[ Edited ]

‎05-22-2017 10:59 AM - edited ‎05-22-2017 11:00 AM

Irrevocable trusts are the biggest PITAs -- you need to get a tax ID number from the IRS for it after the person passes and then file annually a tax return for it. You become the trustee who signs off on bills and the tax returns.

 

The best advice is to get an attorney familiar with probate laws in your state. He/She can can set up documents so the house can be sold through a person other than the ones holding the deed in case something happens to those parties.

☼The best place to seek God is in a garden. You can dig for him there. GBShaw☼
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