Real Estate Law
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Thanks, XXXXX XXXXX things a little clearer for me. But - how then does the proxy work? Wyoming has anonymous ownership and proxy. Also - revocable trust or living trust?
If I setup a revocable trust with my brother as the beneficiary - can I have him sign an anonymous proxy back to me which would allow me to serve my interests while still making him the beneficiary?
Also, with a revocable trust in this situation, would any of his liability come back to the trust - if he has any?
Finally - from all of this - would it make sense then to setup a revocable trust with my brother as beneficiary, and with an anonymous proxy back to me? Then have that trust own everything?
Great. Much clearer. One final (I think) question. In your original response you said revocable trust - did you mean irrevocable?
Meaning, If I setup an irrevocable trust, with my brother as the trustee - the trust would have the asset, he would have control. the assets would be protected from anyone of his or my creditors but We would not be able to access the properties other than how they were discetionarily pportioned??? :) trying here... thanks.
That is perfect! Thank you!