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Health & Fitness

When do I create a trust?

I've had clients ask how to create a trust to protect their real estate and what are the benefits tax wise.

I have always advised them to speak with an attorney and/or a cpa.
My understanding is that if you have a substantial amount of assests, including your home, other property, stocks, business ownership, etc, then it is a strategy you should definitely look into. You also may want to consult regardng a will.

Real Estate can then be placed in the trust via a simple procedure.  Upon your demise, or incapitation, the property is managed by the trustee whom you have chosen.  Your cpa can explain how all of this impacts tax position. 

Again, all of this can be arranged by an attorney at relatively low cost.  

I always appreciate being able to express my opinion and of being of service. Please feel free to comment or post a question.  

Bernie Bramante
951.795.0087
RANCON Real Estate
Lic#01891212

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