Trust Agreement Question - Posted by Henry G

Real Estate Investing
1

Posted by Jim IL on November 22, 2000 at 21:08:31:

Henry,
Since the seller is assigning the beneficial interest to you on a seperate form, I would not worry too much about that address you put on the trust agreement for the original beneficiary.
I usually just place the property address there.

HTH,
Jim IL

2

Trust Agreement Question - Posted by Henry G

Posted by Henry G on November 22, 2000 at 18:08:57:

Seller is an out of state owner.

Seller places house in a trust.

Trust agreement shows seller as beneficiary of the trust

Question:

On the trust agreement where it shows the beneficiary and the % of interest owned it also has a spot to enter the address of that beneficiary. Do I put the property address there or do I place his out of state address there?

If the bank ever asked to see the agreement for some odd ball reason I am curious as to what this will present itself to be.

Thanks

Henry G

3

Re: Trust Agreement Question - Posted by Ed Copp (OH)

Posted by Ed Copp (OH) on November 23, 2000 at 15:35:06:

How about doing this.

Address C/O, Trustee.

I don’t know if it would be acceptable to list the address as c/o trustee, and keep everything else as an unlisted address. I don’t see why not.