Seriously, you need to get a book, or take a course, or buy and listen to some tapes on trusts. Way too involved for a few minutes or hours of discussion, and it's all there for your finding and study
Oops! Meant to answer your 2d question with "Lots, by the knowledgeable people who populate this board, and who've learned about Sub-Tos, and Trusts & how to use them"
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And two answers for you:
1 Too many to list in a short answer here
2 Yes
Seriously, you need to get a book, or take a course, or buy and listen to some tapes on trusts. Way too involved for a few minutes or hours of discussion, and it's all there for your finding and study
Oops! Meant to answer your 2d question with "Lots, by the knowledgeable people who populate this board, and who've learned about Sub-Tos, and Trusts & how to use them"
the two main reasons are:
1. Privacy. It's hard to find out who actually owns the home (harder to know who to sue and to know if it's worth your time if you're a lawyer).
2. If you do it right, you can assume mortgages and never have a lender call the loan due because of the "due on sale" clause in the loan.