Posted by William Bronchick on March 27, 2002 at 09:37:15:
The answer is “Yes” to both Q’s.
Land Trust Questions - Posted by Michael A. Bardelli
Posted by Michael A. Bardelli on March 26, 2002 at 10:26:25:
Hello all,
I have two properties that I currently own in my own name. Okay, so I didn’t buy the land trust course before I started investing, what a mistake. Okay, here goes:
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With my rental property, can I be the grantor as well as the trustee and the beneficiary at the same time and then quietly assign my beneficial interest to my s corporation?
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With my personal residence, pretty much same question as above except I wish to be grantor, trustee, and my wife and I as beneficial interest. Is this legal and proper?
Thank you in advance to anyone who knows the answer to these questions. Sorry I couldn’t make the convention as I am deployed in the military.
Sincerely,
Michael A. Bardelli