Question: Five years ago my dad bought a house for me, though it was titled in his name. He put the down payment down and I have made all the mortgage, tax, and all payments for the house. I was [...]

Question: Can I borrow money on our house if it is in an irrevocable trust? Response: Probably not. The trust itself may or may not permit you to borrow, but no bank will loan money or take a [...]

Question: Can you get a mortgage if you are the grantor of a home in an irrevocable trust and your trustee approves of it? Response: Not a traditional mortgage. While the trust probably would [...]

Question: My minor child has inherited two properties along a with 15% inheritance tax that I can’t afford. I am the executor of the estate that she is inheriting. I don’t really want [...]

Question: My parents have an irrevocable trust that holds most of their assets, including their house. They are purchasing a new home but since they do not have enough money, they will have to [...]

Question: I have a mortgage on my house and also I have put it in a revocable trust with me as trustee. Can I get a small equity loan on the home to pay off credit cards? I have a big equity in [...]

Question: My friend wishes to leave me her mobile home but wants to make sure her stepchildren get some money. The value of the home is $800,000, and she wants me to have it in a way that she [...]

Question: My home is in a trust set up by my mother with me as beneficiary. I don’t have a mortgage but the house needs serious remodeling/upgrades as it is a 1986 model. Can I take out a [...]

Question: My home is in a revocable trust. Can I get a home equity loan on it? Response: Most lending institutions require that property be transferred back into the name of the owner before [...]