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Reply to "Home equity loan when property is in a trust?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Pull the home out of the trust, complete the loan, put the home back in.[/quote] This is what I was told had to be done. It's one reason I don't recommend people bother establishing trusts (the annoyance of doing that is more than the annoyance of probate, but ymmv).[/quote] +1 My husband's grandmother put her assets in trust, and it's been a pain for my in-laws to unravel now that she's passed. They were saying probate would have been easier, especially because she didn't really have so many assets to warrant a trust. That's why we've held off on doing one til we're richer.[/quote]
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