Posted by GL - ON on July 16, 2003 at 15:50:51:
You should be asking your attorney about this. Why would you hire an attorney and not ask his advice? That’s what he is for.
The attorney should know before hand who is getting what and get the checks made out accordingly.
Question abt selling a house I own Subject to… - Posted by Charity
Posted by Charity on July 16, 2003 at 09:38:22:
We are supposed to close our 1st Sub2 house Friday. We bought it about 3 wks ago and are now selling it retail. We own the house in a trust. Our trustee signed the contract as the seller and will be at closing to sign the papers. Is there anything special we need to know or make her aware of that the atty may ask or anything? Also, will the check be made out to HER or the TRUST? If the trust, how does she cash it? Are there any tax implications to HER?
Charity