Property Trust, LLC or Quick Deed?
April 4, 2012 6:34 AM Subscribe
Property transfer from Father to Son. Should we do a simple quick deed, LLC, or set up a trust? One attonrney reccomended the LLC, another said a trust is "safer", what does MeFi think? Thank you!
posted by 1inabillionmistake to home & garden (6 answers total)
The benefactors are my brother and myself and we would like the property to be as safe as possible long term from things like creditors/divorce...
For tax purposes, will my brother and I have to pay sales tax even if the property is given to us? Can we avoid this? Thanks again!