my company owns a building now. as the operation of the company is getting worse, BoD decides to sign a trust agreement and transfer the ownership of the building to the trustee. the purpose of the deal is to protect the interest of current shareholders, as the trusted asset will no longer belong to my company, so it will not be included in bankrupcy clearance. I'd like to know several things on this transaction:
1. how to book keeping the transaction, will it affect Owner's Equity?
2. will there be real estate taxation occur? why?
3. is it necessary to make public annocement for the deal? especially to debitors
4. is the transaction legal or not?

Thanks a lot