Does one have to have a name down for trustee? Can I assign my beneficial interest to my end buyer without having a name for trustee. ( i don’t have a llc or corp right now) Would I put down vesting to be determined at closing. My whole idea is to not use my name as the trustee and not use a entity. Is this possible?
A trust must have a trustee and a beneficiary. You can use your attorney instead of your own name. Just be aware the trustee will name you if anything ever happens and has to sign off on everything.
independentboss Good to meet you
They call them Trusts for a reason… Maybe its just a play on words but yes you have to name someone your Trustee. What state are you in… Out here in California it cost less then 130.00 to form a LLC or Corporation… And can be done in a day…