Buying property through a trust | Fin24
 
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Buying property through a trust

Mar 20 2013 16:41

If a trust holder then buys a property through the trust, a home loan can be taken out if the property needs maintenance or renovation. 

Firstly, you are asking a question regarding buying a home in a trust as against in your individual capacity.

Yes you can, and it has its advantages: if an individual dies, then the trust and the house owned by the trust continue.

In conclusion, if administered correctly, you can benefit from purchasing a property in a trust. It is, however, crucial to determine whether the addition of a trust to your portfolio is necessary and beneficial based on your individual needs and circumstances.

Do you have a pressing financial question? Post it on our Money Clinic section and we will get an expert to answer your query.

Disclaimer: Fin24 cannot be held liable for any investment decisions made based on the advice given by independent financial service providers.

Under the ECT Act and to the fullest extent possible under the applicable law, Fin24 disclaims all responsibility or liability for any damages whatsoever resulting from the use of this site in any manner.

 

 



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