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We want to transfer land to our children but we want to still get the income and pay taxes until we die what kind of deed is this

Real Estate

Property Deed

South Dakota

We have three children the attorney made it a warranty deed to transfer our land to them but we still want to have the rent and pay the taxes what kind of deed should this be

T. Phillip B.

Answered Feb 18, 2022

Depending on the land and business, I'd consider making an LLC for asset protection reasons. Then you could have a trust as the member. If you need to get the property out of your estate, this will dictate what to do with the trust.

Would like to start a sport leeauge.

Business

Business Plan

South Dakota

There is. No such leauge like i want to start.

T. Phillip B.

Answered Feb 5, 2022

I'm not sure how to respond since there isn't much of a question. But best of luck in creating a successful sports league.

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