08-23-2021, 08:57 PM
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#28
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Senior Member
Join Date: Jul 2007
Location: Moultonborough
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Quote:
Originally Posted by FlyingScot
This is an interesting, complex issue. A homeowner who is, say, 50 years old, might decide to put his home into a trust as part of his estate planning. His plan is to continue to control and use the home as before. He dies 40 years later and his kids continue the family tradition of using the house for another 30 years, then pass it to their kids....
The original transfer into the trust is a change in ownership legally, but not in the day to day reality of what's going on. Your real complaint is not until the guy dies 40 years later. But of course, there is no ownership change at that point. Basically, Suissevale has given the docks to families in perpetuity
I'm guessing the trust transfer is OK because the HOA views it as a related entity? The original homeowner would not be allowed to sell to an unrelated party?
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That exactly the issue! It is tricky.
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