Estate / Tax question
Should we set up a living trust with it's own tax ID # and have it be the owner of a ''summer'' - 2nd - house we're buying in NY ? Our real home / legal residence is in Florida?
Asked on 10/10/07, 1:55 pm
1 Answer from Attorneys
Robert Roemer
Robert Roemer
Re: Estate / Tax question
I would suggest you consider forming a florida llc -which would be owned by the revocable trust-which would own the 2nd house in n.y.In addition, I suggest that your total financial and estate plan be reviewed prior to moving forward on this type of transaction.I have a n.y. atty who has recently starting working with my law firm who lives in jupiter.If you would like to discuss this further-mail me your phone #
to contact you and I will call you to set up a time to review this whole situation with you.
Answered on 10/10/07, 9:31 pm
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