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	Escrow & Title Escrow Protected after escrow? Condominiums as rentals? Common Ways To Hold Title Direct deeding is useful Escrow is open Comparing escrow fees Learn about contingencies Prepare for Escrow closing Prorations it pertains to rent Real estate taxes pro-rated Real property vs. personal property Real Estate Mathematics The hidden cost of closing Utility bills and escrow escrow agents have to report? Walk Through Inspection   Title 1031 reverse exchange 1031- Avoid capital gains tax ALTA Policy CLTA Policy Community property tates Creating a trust Clouds on a title Do condos need title insurance? Deed Deed of Reconveyance Dealing with boundary disputes Easements Exceptions in title insurance How much is title insurance? Lis Pendens Mortgages vs. deeds of trust Not married? Joint tenants? Proposed zoning change Preliminary Title Report Quitclaim deeds Statement of Opinion Title Insurance Title insurance and builders Your closing date-Who chooses? Why you should have title insurance Who pays for what Fees in Escrow Creating a trust What is a trust and should I create one? Before you can decide whether or not you should create a trust you have to know what one is. These are the arrangements that will control how all of your assets are distributed and managed. Trusts are useful for several different reasons. For one they can help save or avoid taxes, to avoid probate all together, to control the wealth and to protect beneficiaries especially dependants. There are two different types of trusts there is irrevocable trust and revocable trusts. Irrevocable trusts cannot be changed while revocable ones can. As far as trusts there are three different parties, there is the: Grantor This is the one who will designate and create the trust, this person will be responsible for giving the assets over into the trust, and to do this they will have to sign an agreement. Trustee This can be a person or a company. This person or company will hold onto the property and manage it until the beneficiary is able to. It is up to them to make the decisions that are right for the beneficiary and the property and assets. Beneficiaries This is who the trust is created for. This person will get the benefits of this trust. When they become of age (if that is how the trust is set up) they will eventually get control of this trust. There could be more than one beneficiary. Often trusts are designed in order that probate would be avoided. In these cases you will find that they are usually revocable trusts, these allow for the grantor to change the terms of the trust including the names of beneficiaries any time they wish to until they die. If the trust has been designed for another purpose such as for tax reasons then the trust will most likely be irrevocable. If the grantor chooses this type of trust he or she will most likely not be able to change anything concerning the trust. Trust can be designed while you are still living or after you have dies. You can design a living trust for your own benefit or for someone else's. These trusts are known as inter-vivos trusts. A trust that comes into existence after your death is known as a testamentary trust. This trust would be part of your will and since it is it will have to be put through probate. This is a popular way for those with significant assets to leave assets or money to their grandchildren for instance. These children are minors and putting the money into a trust can protect it for them until they are of age to look after matter themselves. Knowing whether or not you should create a trust can be a difficult thing. You will want to sit down with your tax advisor to see what they think. If you have a financial planner you may want to discuss the matter with them as well. It is easy for you to make a trust that is right for you and your circumstances.