There was so much information that needed to be covered last Friday Joe, Bobbi and Buddy knew they just had to bring back Legal Document Assistant, Philip E. Holsworth, for a second podcast. This week Philip will focus on boiling down the seemingly infinite amount of trusts to the two distinct types –revocable and irrevocable. Specific topics include:
- Why would anyone want an irrevocable trust?
- Lender dislike for irrevocable trusts
- Making changes to a revocable trust
- Amended vs. restated documents –Distinctions redoing a trust with a new attorney
- The “Basket” analogy
- Two ways to amend a trust
- Doing your own trust
If you wish to contact Joe Cucchiara email him at Joe@RERadioLive.com, call (408)-838-9060 or simply visit http://www.RERadioLive.com. We also provide additional information to help you make smart decisions in and around your real estate venture.
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