How Are Trusts Recorded?
This is a very interesting question because you can record the entire trust for the public to see.
But one of the best and greatest benefits of the trust is the privacy of ownership.
This is one of the things I teach at:
We will cover everything from soup to nuts! I hope to see you soon. Yeah, baby!
Hi! It’s Lou Brown. I’ve been asked. How are trusts recorded? Well, that’s an interesting question because you can record the entire trusts for the public to see, but one of the best and greatest benefits of a trust is it’s actually Privacy of Ownership. Meaning you, the public doesn’t know who the beneficiary of the trust is. However, the asset is recorded in the name of the trust. So let’s say that you have a home in your own name, and you want to put that in trust. It merely by creating a deed in some States have be a warranty deed and other States that would be a grant deed. You would be deeding out of your name, into the trust name. Now on public record, it shows that it’s owned by the trust.
Now, by the way, if you are gifting your property to your trust, there is no tax. There is no transfer tax. Now as there’s no gift tax, no transfer tax, none of those things. So it would only be the cost of recording a deed at your local courthouse to transfer it from your name to your trust name.
We’re going to teach you all about that. I’ve got an upcoming four day event it’s called MaximumAssetShield.com And you’ll see all about that. Now that four day event, I’m going to cover everything from soup to nuts. You’re literally going to bring your deed with you to class and in class using the paperwork that we provide to you. You’re actually going to be creating your own trust. So there’s a real opportunity there for you to learn some amazing things about trusts and what they do. And the fact that most people don’t know those things. And the fact that there’s nothing in it for attorneys. So they try to take you down a different path, which creates later a thing called Probate.
And I think called expense delay, upset, break downs, all kinds of family issues when it’s done that way, as opposed to using a trust. One of the great things about a trust is if you’re named as the primary beneficiary in the trust at death, it immediately passes to whomever you’ve named as the heir or heirs of that trust. So instant, no attorneys, no probate, no judges, no delay, no expense, because you were smart enough to do it in advance. So I’d love to teach that to you. It’s MaximumAssetShield.com You’ll learn a ton of things about these amazing things called trusts. I hope to see you there. Yeah, baby!