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Talk about what name should appear in a lease if the property for rent is in a trust. Trusts cannot hold title to real property.Only the trustees of the trust can hold title. 1. Decide what assets to place in your trust. The first step in a successful estate plan is placing the ownership of rental property with an entity that creditors don't have much recourse against. A trust avoids a lengthy probate process because it, rather than an individual, has ownership rights to the rental property held in the trust. A trust is treated as it's own entity "for tax purposes". Therefore the trust requires it's own EIN. The trustee would need to sign the lease documents, but the Lessor should be the Trust. An irrevocable asset protection trust is NOT a reporting entity and therefore offers a way to provide both privacy and asset protection if done the right way.