This is a newer product and literally the design and ease got worked out to a point that I was comfortable with just recently. You can still put your home in a trust after Close. You just have to put together to trust contact title company likely there will be notary fee. Or it’s something you can do when you refinance as well.
How does putting my property into a trust impact me when I protest my property taxes? I remember looking into this a year ago but I ran into obstacles because I plan to protest my taxes every year. I was also told that I would have to dissolve the trust and create another one when I refinance????
The trust would only be an issue with a refinance if you did a nonrevocable. The trust that getdynasty offers is totally fine with mortgages. We had it vetted. The property taxes sound super weird. Are you sure you weren’t looking at putting it in an LLC or a corporation both of those could be issues with refinancing and arguing property taxes. That would make more sense.
Is this a digital platform? Do they have a team of experts in real estate, finance, and attorneys for advice? I want this when I close on my house! Can a will, healthcare POA, and living will be included with additional assets included? Is there an initial fee+ $100 annual fee?
It is best to do before you close on your house because then the lender can put the house in the trust at closing. Otherwise during a refinances easy as well. You could do it afterwards with the title company, but that’s a little bit more complicated. Yes they have a team of experts. Definitely go on their website and dig
I’m currently trying to purchase a property using the VA loan. I want to put my girlfriend on the trust. Can it only be a spouse? The VA appears to not cover the down payment 100% if I put her on the mortgage. Please advise. Thank you.
I am in the final stages of closing with the builder's lender. Can the Trust be set up by them or do i need to contact this company to do it? Do not want to delay closing though.
The problem is that they give you the revocable trust for free, but the irrevocable trust is $1500. Ouch. The asset protection from my understanding comes from the irrevocable trust.
@@JenniferBeeston Got it, thanks so much for the clarification! What about this scenario: I own a Trucking Company, that has $1M in auto insurance, and is an S-Corp. If the trucking company gets hit with a huge lawsuit over the $1M, I know I am separated by the S-Corp, but I want additional coverage. Will the irrevocable trust still provide that?
How much does it cost us to use your company to try and qualify for a VA loan? My husband asked me that the other day, and i said that's a good question, not sure? lol
Yes, as long as the trust is in the veteran or the veteran spouses name it’s totally fine. It needs to be a revocable living trust which is what these are.
Forget charities, give it to a young couple who is working doing the right thing and struggling. Stop giving your Homes to Charities who have CEO's CFO's COO's etc. They only create unnecessary jobs and even ghost jobs were no one actually shows up and gets paid. They do this for there family and friends and give 2% of your home to the charity while they keep the rest for themselves with high Salaries. I'm sorry but Lots of Charities are Crooks. Real hard working people need real opportunities especially a paid home if you have no one to give it to.
@@JenniferBeeston I worked for FedEx for many years, We employees gave to charities, later found out how much their way was going on, then looking into other charities found out most operated somewhat the same, giving a tiny porting for the funds to the charity while executives and others kept most of the funds or somehow mismanaged the funds. I didn't say specifically about your charity. None the less, so many young struggling families, who would be a better choice to receive a home from someone who has no one to give it before a charity. Sorry for the misunderstanding. 😞
It’s the joys of TH-cam. Literally they’re on every single video and then I have to delete them. It’s probably because of some of the tags. Anything finance related they want to try to trick people
Thank you for speaking about this. It is so important!
Thanks for the advise.
I trust you.
Invaluable information. Thank you so much for sharing!
Happy to help. I am
Hoping to save some buyers from drama
Wish this had been mentioned before closing.
This is a newer product and literally the design and ease got worked out to a point that I was comfortable with just recently. You can still put your home in a trust after Close. You just have to put together to trust contact title company likely there will be notary fee. Or it’s something you can do when you refinance as well.
Verygood
What about someone who owns their home out right? I think this would be helpful for them. Love you videos as always. Thanks Jennifer.
Yes 100%
@@JenniferBeeston Thank you.
How does putting my property into a trust impact me when I protest my property taxes? I remember looking into this a year ago but I ran into obstacles because I plan to protest my taxes every year. I was also told that I would have to dissolve the trust and create another one when I refinance????
The trust would only be an issue with a refinance if you did a nonrevocable. The trust that getdynasty offers is totally fine with mortgages. We had it vetted. The property taxes sound super weird. Are you sure you weren’t looking at putting it in an LLC or a corporation both of those could be issues with refinancing and arguing property taxes. That would make more sense.
Lawyers gotta eat too
Is this a digital platform? Do they have a team of experts in real estate, finance, and attorneys for advice? I want this when I close on my house! Can a will, healthcare POA, and living will be included with additional assets included? Is there an initial fee+ $100 annual fee?
It is best to do before you close on your house because then the lender can put the house in the trust at closing. Otherwise during a refinances easy as well. You could do it afterwards with the title company, but that’s a little bit more complicated. Yes they have a team of experts. Definitely go on their website and dig
I’m currently trying to purchase a property using the VA loan. I want to put my girlfriend on the trust. Can it only be a spouse? The VA appears to not cover the down payment 100% if I put her on the mortgage. Please advise. Thank you.
If you put your girlfriend on the mortgage and she is not a veteran , then she would need to put down 15% as VA will only insure your portion
I am in the final stages of closing with the builder's lender. Can the Trust be set up by them or do i need to contact this company to do it? Do not want to delay closing though.
Lenders do not set up trusts so you would need an attorney or feel free to check out getdynasty
Jen,
Can we do this for a IRRRL VA loan?
Yes as long as trust is in veteran and veteran spouses or just veterans name. www.getdynasty.com/beeston
Will you put the link in your post for Got Dynasty? It’s not searchable.
It’s www.getdynasty.com/beeston
The problem is that they give you the revocable trust for free, but the irrevocable trust is $1500. Ouch. The asset protection from my understanding comes from the irrevocable trust.
You can’t put a mortgage in an irrevocable trust.
@@JenniferBeeston Got it, thanks so much for the clarification! What about this scenario: I own a Trucking Company, that has $1M in auto insurance, and is an S-Corp. If the trucking company gets hit with a huge lawsuit over the $1M, I know I am separated by the S-Corp, but I want additional coverage. Will the irrevocable trust still provide that?
I would talk to a lawyer and tax advisor as you need to structure your business so they can’t come after your personal
Could you pin a link to the company that does trusts?
Www.getdynasty.com/beeston
Can you do this with a home bought through the VA
Yes, as long as it’s revocable living, trust in the veterans name or veterans and spouse
How much does it cost us to use your company to try and qualify for a VA loan? My husband asked me that the other day, and i said that's a good question, not sure? lol
We don’t charge to get preapproved and we waive our lender fee on all VA loans:)
@@JenniferBeeston Thank you so much for getting back to me. I really appreciate it.
Can a beneficiary be your relative who doesn’t live in united state
That is definitely a question for getdynasty
Can you put a home purchased with va loan in a trust?
Yes, as long as the trust is in the veteran or the veteran spouses name it’s totally fine. It needs to be a revocable living trust which is what these are.
Are you licensed in Alaska ?.
I will be looking to purchase a home in a few months.
Thanks 😊
Jana L
Hi Jana, yes I am and I would love to help:) 707-478-0637
Forget charities, give it to a young couple who is working doing the right thing and struggling. Stop giving your Homes to Charities who have CEO's CFO's COO's etc. They only create unnecessary jobs and even ghost jobs were no one actually shows up and gets paid. They do this for there family and friends and give 2% of your home to the charity while they keep the rest for themselves with high Salaries.
I'm sorry but Lots of Charities are Crooks. Real hard working people need real opportunities especially a paid home if you have no one to give it to.
Hey, this comment makes 0.0 sense on this video. We don’t give homes to anyone CEO or otherwise.
@@JenniferBeeston I worked for FedEx for many years, We employees gave to charities, later found out how much their way was going on, then looking into other charities found out most operated somewhat the same, giving a tiny porting for the funds to the charity while executives and others kept most of the funds or somehow mismanaged the funds. I didn't say specifically about your charity.
None the less, so many young struggling families, who would be a better choice to receive a home from someone who has no one to give it before a charity.
Sorry for the misunderstanding. 😞
Bro, why are there so many bots on here?
It’s the joys of TH-cam. Literally they’re on every single video and then I have to delete them. It’s probably because of some of the tags. Anything finance related they want to try to trick people