[WSBAPT] Trust for Home only for privacy?

[John J. Sullivan]

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
>> 
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