[WSBAPT] Trust for Home only for privacy?
John J. Sullivan
sullaw at comcast.net
Thu Jul 19 11:39:54 PDT 2018
Rebecca:
Ownership of the LLC member units is public. Also, once in an LLC, financing becomes problematic.
John J. Sullivan
Sent from my iPhone
> On Jul 19, 2018, at 8:45 AM, Rebecca King <rebecca at nwelg.com> wrote:
>
> Good morning,
>
> This is an interesting thread as I am sure many of us who deal with challenging personalities have had related concerns at some time or another. I would be curious to know who would serve as Trustee. Presumably, client would not want to give up control to third party. The other idea I had was to put the property into an LLC, but not sure what tax consequences would be???
>
> Warmest regards,
> Rebecca King
> Attorney
>
> Northwest Elder Law Group
> 2150 N. 107th Street, Suite 501
> Seattle, WA 98133
> Main: (206) 937-6102
> Direct: (206) 866-6544
> Fax: (206) 960-4021
>
> -----Original Message-----
> From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of John J. Sullivan
> Sent: Thursday, July 19, 2018 7:54 AM
> To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
> Subject: Re: [WSBAPT] Trust for Home only for privacy?
>
> Sarah:
>
> Give me a call later this afternoon or tomorrow. I have a client I did this for. He’s on a list (can’t remember the name of it) where the state provides him with anonymity because of concerns his family wishes to harm him.
>
> The key is the trustee.
>
> John J. Sullivan
>
> 425-451-2400
>
> Sent from my iPad
>
>> On Jul 19, 2018, at 6:59 AM, Sara M <sara.l.mcculloch at gmail.com> wrote:
>>
>> I have a police officer friend who would like to set a trust for a new home purchase so it isn’t possible to find his address easily via the tax records or auditor searches.
>>
>> Has anyone set up a revocable trust just for this purpose? They don’t need it for other assets. I don’t think the trust portion is so complicated, but I’m wondering about the other mechanics of naming a trustee (I believe that would show up in records searches- so does he need to name a non family member or professional trustee), dealing with mortgage and insurance company issues, tax issues, anything else I am not thinking of?
>>
>> I would appreciate any experiences you have to share.
>>
>> Sara McCulloch
>>
>> Sent from my iPhone
>>
>> _______________________________________________
>> WSBAPT mailing list
>> WSBAPT at lists.wsbarppt.com
>> http://mailman.fsr.com/mailman/listinfo/wsbapt
>
>
>
> _______________________________________________
> WSBAPT mailing list
> WSBAPT at lists.wsbarppt.com
> http://mailman.fsr.com/mailman/listinfo/wsbapt
>
> _______________________________________________
> WSBAPT mailing list
> WSBAPT at lists.wsbarppt.com
> http://mailman.fsr.com/mailman/listinfo/wsbapt
More information about the WSBAPT
mailing list