Legal Question in Real Estate Law in Massachusetts

Can I put my house in a family trust fund If there is a home equity loan out on it, or do I have to pay the loan off first?


Asked on 5/01/12, 6:28 am

2 Answers from Attorneys

Christopher Vaughn-Martel Charles River Law Partners, LLC

What you really should do is sit down with an attorney, and go over your specific financial situation. Our office charges $200.00 for an office consultation and document review. If you decide to hire us, we apply the consultation fee to your first bill. There probably is no reason that you cannot place the home in trust, but there may be many reasons why it is a great idea or a really bad idea. Feel free to give us a call to set something up.

Chris Vaughn-Martel 617-357-4898

Read more
Answered on 5/01/12, 7:24 am

You need to discuss this with an attorney. There are a variety of options in placing a home in a trust and how you do it could impact your rights to medicaid if needed at some point less than 5 years from now. It also impacts the use of the homestead exemptiion.

We do not charge for a half-hour meeting.

Read more
Answered on 5/01/12, 10:47 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in Massachusetts