Law & Sovereignty

Placing assets in to a trust

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    Discussion
  • #377998

    Elin
    Participant

    Has anyone here placed a house in a trust? I’m looking into it in CA, and it looks like if it is irrevocable, then the property is reassessed (at a likely higher value than was) – but not if it is revocable. Any insights?

    Also, does the DMV need any trust docs to move a car in to a trust?

    My initial trust is an irrevocable ministry trust, but I might need at least one revocable one for the house. or?

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    Replies
  • #378001

    Hulda
    Member

    I believe only the equitable interest (“equity”) in a house can be put into a trust. If your mortgage is paid off, you may be home free.

    Otherwise you may fare better with a land patent AKA allodial title, if in the US (it’s indefeasible title in Canada), which can only be for the wo/man.

    Don’t know anything about the ir/revocable angle.

  • #378002

    pamela
    Member

    Following – also curious about DMV/car in to a trust.

  • #378008

    hugh
    Member

    For the house, I would look into getting the Land Patent first..if you plan to stay there for awhile. That takes the property completely out of the corporate jurisdiction and makes you the full owner.

    If you put it as-is into a trust, you’re still just a tenant and subject to a lot of laws.

    As far as the car, best thing is to call them and see what they require. That stuff varies by state/county.

    • #378057

      Hulda
      Member

      What I’ve learned/heard is that a land patent cannot go into a trust, as the former is only available to a living wo/man, which a trust is not; it’s an entity, even though it be a private one.

      I’ve also learned/heard that we cannot put the entire property into a trust, only the equitable interest, which I believes means the “equity” we have in the house/land. Unless a mortgage has been “paid off”.

      • #380992

        abram
        Member

        could one do both, have a land patent as one of mankind and have equity in a trust?

        • #380994

          abram
          Member

          more to the point, are there any benefits to doing so…

      • #381846

        hugh
        Member

        Sorry, I wasn’t clear. I’m with you, I meant doing one or the other.

        Ron’s book says that he doesn’t see any benefit to putting alloidial land into a trust.

        • #381847

          barre
          Organizer

          I agree with Ron that it’s unnecessary redundancy, but there are some possible strategies in introducing a Trust into the mix.

          • #381871

            abram
            Member

            essentially what i have come to comprehend, my wife is a bit more trepidatious. though i have had success in other avenues with conditional acceptance, notice etc.; i am in the beginning process of the land patent process and wondering where is the best place to purchase ron’s guide books? i have seen a lot of pdf downloads, would prefer to have a hard copy and support a good source

            • #381878

              maryschurr
              Member

              Abram,

              I had heard in the past that it was best to call him and order from him directly. Not sure if that is still true. I think he puts out his phone number in the 2 Alfa Vedic episodes??

              If you scroll to the bottom of this page, you may find a way to order the book. It’s not his website, but he seems to present with this group at times…
              https://americanmeetinggroup.com/ron-gibson/

              Hope some of this helps!

            • #381880

              abram
              Member

              very helpful, thank you.

          • #381963

            hugh
            Member

            I’ve seen some potential benefits…still learning though.

  • #381005

    Elin
    Member

    This was the answer from Ron Gibson’s team: “The land patent is a private title so the public administration has no access to it, therefore a trust, whether it is revocable or irrevocable, doesn’t offer any additional protection beyond what the patent already provides. However, a trust is helpful when it comes time to sell it to somebody, because you can sell them the trust with the land in it, but you cannot sell the land- you can only convey it. If you choose to get a trust, it is not needed, just more of a conveyance option.” That’s all I know at this point.

    • #381015

      hugh
      Member

      Thanks for clarifying.

    • #381035

      abram
      Member

      thanks for that bit of clarification, elin. have you done the land patent process? if so, did you find it beneficial to get help, or was the process straight forward enough to figure out on your own?

      • #381036

        Elin
        Member

        I have not yet, but plan on getting it done by the end of this year. It seems fairly straightforward, but the research part seems daunting to me, so I’ll be working with an expert to make sure it’s done right. I’m on Ron’s waiting list, but I may use one of his recommended guys, depending on his knowledge of my county.

        • #381052

          abram
          Member

          thanks, love to hear about your experience with the process; i too am likely going to do this as an additional proof of claim to property

  • #381031

    Elin
    Member

    Thanks to Ron Gibson!

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