How to Transfer Property into Trust without unnecessary cost and delay to your estate
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- Опубліковано 27 жов 2020
- How to Transfer Property into Trust without unnecessary cost and delay to your estate? The only way to transfer real estate is by deed or probate. If you forget to put your house into trust, then your heirs will spend thousands of dollars to transfer the property into trust. Transfer property into trust right the first time.
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Have you transferred your home into your trust? Transfer property into Trust to make certain your Revocable Trust is fully funded. Download our free guide Download our ESTATE PLANNING STRATEGIES TO PROTECT YOU AND YOUR FAMILY geni.us/strategies
You explained this so easily, thoroughly professionally. Thanks so much. I appreciate it!
Great information! I just recently had a new will and trust done up by my attorney. You presented some great issues I didn't even consider and I need to make some phone calls!😂😂😂😂
Very informative! Thanks
Very helpful thank you , I need to do this .
Great information! This is absolutely helpful. Thanks for sharing!
Thanks for watching!
Thanks for the information.
Thanks for watching
Excellent information!!! 🔥🔥
Very good sir! Thank you! Sub earned
You're a good Man.
Thank u
Great information. What's a good set up: the rental properties that is titled under a Properties LLC and owned by a Trust LLC OR the rental properties that is titled under a Trust LLC that is owned under by Properties LLC?
Thanks for info on trust.
Thanks for watching
Hi friend! How are you doing ? wow very nice video in Trust/deeds, looking forward to the next project
Hey, thanks
Things like this are not often talked about. Thank you for sharing this! Very helpful
You're so welcome!
This was very helpful and super interesting too. Thank you so much for sharing it and I can’t wait for your next video 😊
You are so welcome!
This is a really great advice. Thanks for sharing!
Thanks for watching!
Thanks so much for this video, this one is just as helpful as all your others. One question...can you transfer your LLC to a revocable trust by way of an assignment?
Yes and then you can pay bills out of LLC. LLC may also be able to act as trustee if I remember correctly
The Garn St Germaine act will shed light on the “due on sale clause” as it pertains to this sort of transfer.
Exactly
Hi, I am in Texas. Am I understanding this correctly, I can just make up a name and create the trust document to form a trust, and the trust name will be recognized as a legal entity by the banks, mortgage lenders, etc? Would I have to get the trust document notarized?
This was very helpful. We are in California, do you have to file your trust itself in California at the same time? I'm seeing that here and there that California requires that for real estate in a trust. Not sure about if we have do more here.
In North Carolina, the House do not go through Probate. The advice does not apply.
Yes it does
Hello,
My wife and I have a property but it is only under my name. We have the revocable living trust created 2004 in my name and my wife.
Now I want to put the property into the trust. Can we just transfer it using the quit claim deed transfer? Is there an extra step we need to change the ownership into the community property with right of survivorship first?
AWESOME VIDEO,!! I’m a new subscriber!
Awesome!!! Thank You
How would restricted deed property in a covenant (whereas the city and you; the homeowner are both on the deed) work being transferred into a trust?
In some states, they permit real property can have a "Beneficiary Deed" which has named beneficiaries, and can be transferred on death with no probate. All financial assets already have named beneficiaries, in my case (AZ) I don't see any benefits to a trust. I certainly see the benefit for a state that does not have T/O/D. Am I missing something?
Thanks for watching
If you still have a mortgage you can transfer the property into the irrevocable trust?
What if I have a piece of property (house in another state) in an irrevocable trust that I want to put inside my revocable trust? Is that a complicated process?
We have already a living trust. We want to put our residencial house to our trust. How to transferred our house to our trust. Do we have to do the quit claim deed?
If real estate is transferred into living trust using a quit claim deed. Then no money changes hands, does that mean an appraisal is not necessary in this case?
On the preliminary change of ownership report form, there is a box to put a dollar value/amount for the property. Will the county ask for an appraisal to support the number I put down (My estimate value will surely be much lower than actual, LOL), or can that box be left blank as in "quit claim/ no money changes hands? As a new subscriber, love your videos!!
I am looking to transfer paid for house into living trust. You have a great question. Too bad no one has answer yet. I will add it to my questions for tax plan prof. I do know doing quick claim deeds is messing up the “history” of title. It is kind of frown upon by title cos. I would go with the warranty deed instead. Cheers!
Grant Deed for ZERO dollars as no money is exchanged. When you sell, an appraisal will be done then.
Thanks for watching
Can you add a property that is in a different state into a trust? I ask for a Property in Puerto Rico that is completely paid off.
What if home is with home equity line of credit? can we still transfer to revocable living trust?
Thanks for watching. Great question. Please consult with an estate planning attorney in your jurisdiction.
What about a rental property that is an LLC?
If my father gets sick and has to go to a Nursing Home and doesn’t have enough cash or assets to pay for his Nursing Home bills, can the Nursing home come after the Trust assets?
Why a revocable trust instead of an irrevocable one please?
No thank you our Fiduciary Security Legals recommended their team of 15 mentors, monitors, and Referees avoid DIY crime avoiding estate planning to fund, amend, validate, certify, transfer, arbiter, distribute, and NICER Peacekeeping Settled Administration. We like the NICER triplex recorded inheritance and legacy wealth delivery without the hassles, fights, contest, crime, and confusion.
How much does this cost ?
How long can a Trust litigation (probate) case remain in pre-trial/discovery stage?
Thanks for watching
Please contact an attorney in your jurisdiction
My mortgage company will not allow me to transfer to an irrevocable trust
What now?
Is it better to transfer property into a trust or an LLC?
Can you avoid probate via a will?
(If the property is in the deceased name)
No. This needs to be probated via a will
What about the liens?
Thanks for watching
Does transferring my estate into a trust cause my property tax to increase in CA?
Thanks for watching
if you have a joint tenancy with your kids and you put yourself into a living trust, that breaks a joint tenancy, and triggered a reaccessment as your kids can't have a joint tenancy with a "trust". This is what happened to me after I created a living trust. I just received a notice of supplemental property tax in the mail. I am wondering if there is a way to nullify that living trust so that I can avoid the tax reaccessment. I was told it can only be done by a court order to void the creating of the living trust
Deed into your revocable trust
Thanks for watching
the comment in this video about due on sale clause is 100% wrong. The due on sale clause gives the mortgage the RIGHT to call the mortgage due, it doesn't mean the mortgage is due
Sell the house , give the money to your child and have them buy you a new house…..
This was very helpful! Thank you for sharing!!
You are so welcome!