One Second --- what about Jay putting it in a trust to ...

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Posted by Ark on June 28, 2003 at 22:09:01:

In Reply to: Re: So humored! posted by Reinstatement Services, Inc. on June 28, 2003 at 11:30:54:

Hello,

This was such a nice thread I just had to ask, Wouldn't Jay putting the house in a trust naming himself as beneficiary and appointing a trustee help in the sense that if there was to be a bankruptcy filed that it could be filed in the name of the trust and not the name of Jay, and if so even if the trust didn't file BK, and the home foreclosed wouldn't Jay's personal credit be protected since he is now simply a beneficiary?

Just wanted to add my 3 cents ... LOL
Ark

Follow Ups:

• Re: Might be a little late for that. - Jim V 00:56:46 06/29/03 (0)

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: Hello, 





: This was such a nice thread I just had to ask, Wouldn't Jay putting the house in a trust naming himself as beneficiary and appointing a trustee help in the sense that if there was to be a bankruptcy filed that it could be filed in the name of the trust and not the name of Jay, and if so even if the trust didn't file BK, and the home foreclosed wouldn't Jay's personal credit be protected since he is now simply a beneficiary?





: Just wanted to add my 3 cents ... LOL


: Ark








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