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Infolawyer
Infolawyer, Attorney
Category: Estate Law
Satisfied Customers: 54766
Experience:  Licensed attorney helping individuals and businesses.
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How does a trust work. How do I set one up. What is involved

Customer Question

How does a trust work. How do I set one up. What is involved in its maintenence
Submitted: 10 months ago.
Category: Estate Law
Expert:  Infolawyer replied 10 months ago.
what are you generally placing in the trust?
Customer: replied 10 months ago.
a home.
Expert:  Infolawyer replied 10 months ago.
The house is retitled in name of the trust. The trust gets a tax id number. A lawyer prepares a trust document listing the property and the trustee of the trust. The trustee is normally a lawyer or relative who cares for the property and pays for expenses from the trust, so often a bank account is opened in name of trust to pay such expenses.
Expert:  Infolawyer replied 10 months ago.
Kindly rate me positively.

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