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Donno
contractor
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Out of State property
Wednesday, July 06 2011 09:59 PM
I live in Florida and own rental property in Alabama. Can I place this property in a Florida land trust? What is the general guideline for establishing trusts for property in states other than the one you reside in?
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Randy Hughes
Land Trust Expert-40+ years of experience
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Re:Out of State property
Thursday, July 07 2011 05:00 PM
Donno,
Please see my comments below in BOLD.
I live in Florida and own rental property in Alabama. Can I place this property in a Florida land trust? YES,
What is the general guideline for establishing trusts for property in states other than the one you reside in? YOU NEED TO SITE THE TRUST LAW FOR THE STATE YOU ARE USING IN YOUR TRUST AGREEMENT AND YOU NEED A TRUSTEE IN THE SAME STATE. CALL ME IF YOU HAVE MORE QUESTIONS.
866-696-7347
Randy Hughes
866-696-7347
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