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Trusts

28 / 05 / 2015 by Greg Freyman, CPA in Personal Tax

Are There Tax Benefits For Holding Property In A Revocable Trust?

Question:
What would be the tax benefits and implication if any of buying a house where the deed is in name of a revocable trust with the husband as the trustee, the wife as successor trustee, and their kids as the beneficiaries? The mortgage is only in the husband’s name?

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