Shouldn’t the real estate be transferred via warranty deed instead of a quit claim deed? That way any title insurance that is in place will effectively pass to the trust, correct?
That's a good question, but generally no. Most title insurance policies extend coverage to transfers to revocable trusts, but, even if they don't, you can add the Trust as an additional insured under the existing policy. Good question.
My only child has been estranged from her husband for 10 years. For some reason, they won’t divorce. If we would pass, would her estranged husband be entitled to half of the assets we leave her in our Trust?
Typically not, but if she were to pass after you, then it would depend on where she lived and whether she had an estate plan or not on whether he would get anything.
Where can I find a Certification of Trust document to complete if needed? Thanks
Shouldn’t the real estate be transferred via warranty deed instead of a quit claim deed? That way any title insurance that is in place will effectively pass to the trust, correct?
That's a good question, but generally no. Most title insurance policies extend coverage to transfers to revocable trusts, but, even if they don't, you can add the Trust as an additional insured under the existing policy. Good question.
My only child has been estranged from her husband for 10 years. For some reason, they won’t divorce. If we would pass, would her estranged husband be entitled to half of the assets we leave her in our Trust?
Typically not, but if she were to pass after you, then it would depend on where she lived and whether she had an estate plan or not on whether he would get anything.