Q. Can an insurance company use your FICO score to raise your insurance premiums up on your personal residence if the trust owns the property? I plan to cancel the policy and have it re written in the trust name. A. Insurance companies have figured out that
Membership Certificate vs. Stock By Lee R. Phillips One of the issues that seemed to be of particular interest at our boot camp the first of March was ownership of the LLC. Ownership is represented by the “stock” held in the LLC. Of course, there isn’t any stock in an LLC. It is a “membership […]
One of the most commonly “missed” properties that should be owned by your living revocable trust is your LLC or corporation. One of the principal uses of a revocable living trust is to avoid probate. However, the majority of people who get a living trust don’t avoid
We just finished a great 2-day Boot Camp in Salt Lake City, Utah this Monday and Tuesday. At the Boot Camp, a student started to discuss mortgage applications. He was shocked when I said to never disclose more than was necessary to get the mortgage. In fact,
