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Old 09-11-2018, 12:25 PM   #296
JeffDowntown
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Join Date: May 2007
Location: South Cove
Posts: 2,573
Re: Bulfinch Crossing Residential Tower (GCG Phase I) | 50 Sudbury St | Gov't Center

Quote:
Originally Posted by TallIsGood View Post
Very common to use a trust to hold property you live in. Helps with estate planning and probate.
Yes, Globe misses the boat suggesting that just because high end property is held in a trust or an LLC that means the owners are not local.

Very common for people who do not want their address known to the general public to use LLCs, and trusts are common for estate planning. Most of those could easily be local and we can never know. (That is part of the point.)
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Jeff H.
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