The Listen to Lawrence Letter: If I put my house in an irrevocable trust, upon my passing how would the trustee pay for any expenses?

CLIENT QUESTION:

If I put my house, and only my house in an irrevocable trust without any other funds, upon my passing how would the trustee pay for any expenses that may arise in regards to house expenses, etc.?

Always look forward to your letters. Thanks very much.

MY RESPONSE:

There is a practical answer to this question. Someone will have to front the money and then get paid back when the house is sold.

And, if anyone you know would like to

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tell them to send their email address to info@davidowlaw.com and I’ll add them to the list!

As always, please send your questions in! If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

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