Saturday, November 22, 2014

Can a home be included into a trust?

Question

Can a home be included into a trust?



Answer

Yes. However, depending on financial circumstances and whether or not the home is the homestead of the person putting it into trust, it may not be a good idea. Better to seek professional advice before attempting this on your own.



Answer

Yes, a house can be placed into a trust. It's not a DIY affair. There may be tax and homestead implications for doing this.

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