Tag: Trust

Seasoning Requirements for a Property in Trust

Question: My client would like cash out from a property, but it is in a trust.  He is the trustee; does he need to wait 6 months to refinance it after he transfers it to his personal name? Answer: Good news! No, as long as he is the primary beneficiary of the trust. Eligibility Requirements: […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Gift of Equity from a Trust

Question: My client is purchasing a property from an Irrevocable Trust that he is named in.  Is the trust permitted to offer him a gift of equity for the purchase? MC Chart – Gifts & Gifts of Equity Answer: Trusts and/or estates are not eligible gift donors and must come from individuals only. This is […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top