Posted by: Jeff Merkeley ®
01/09/2003, 17:09:46
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my brother is going to purchase a 4plex soon. I am thinking he should probably use a land trust (living trust) to take title under. It is his wish to transfer his interest to me shortly after closing so as to remove any liability for him. He may sign the note from the seller personally if we can not have it signed by the trust. I am thinking about purchasing the legal wiz's book on land trusts as we have not experience with them. Any other suggestions for resources. My brothers accountant and attorney will be reviewing whatever we do and will need to be convinced of the merits of this approach.
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