Legal Question in Real Estate Law in New Jersey
Can you transfer property in Florida from a trust account to a New Jersey LLC?
1 Answer from Attorneys
Thank you for your LawGuru question.
The following is a general response to your inquiry. It is not intended as, nor should be construed as, legal advice or opinion. Legal advice and opinion can be provide after you retain my services and I review relevant documents and we discuss all the facts.
A NJ LLC has the power to own real and personal property. So, there does not appear to be any barrier to the NJ LLC acquiring title to the property. Of course, the terms and conditions of the trust agreement needs to be reviewed to determine whether the trust itself limits such a transfer.
Please feel free to contact me ASAP so that we may explore your options and protect your legal rights.
With best wishes,
Barry F. Gartenberg, Esq.
973-921-0600
Please visit my website!