How to Transfer Property into Trust without unnecessary cost and delay to your estate

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How to Transfer Property into Trust without unnecessary cost and delay to your estate

Рет қаралды 56,744

3 жыл бұрын

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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Пікірлер: 72

@CortesLawFirm 3 жыл бұрын

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

@herrmajesty Жыл бұрын

You explained this so easily, thoroughly professionally. Thanks so much. I appreciate it!

@daveb2280 Жыл бұрын

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!😂😂😂😂

@imprincessvan 3 жыл бұрын

Things like this are not often talked about. Thank you for sharing this! Very helpful

@CortesLawFirm 3 жыл бұрын

You're so welcome!

@BBSConsultants 5 ай бұрын

In North Carolina, the House do not go through Probate. The advice does not apply.

@bettyjones973 5 ай бұрын

Yes it does

@seahaltura7116 3 жыл бұрын

Great information! This is absolutely helpful. Thanks for sharing!

@CortesLawFirm 3 жыл бұрын

Thanks for watching!

@dr.suezettealoysiaandcarla1664 3 жыл бұрын

Hi friend! How are you doing ? wow very nice video in Trust/deeds, looking forward to the next project

@CortesLawFirm 3 жыл бұрын

Hey, thanks

@pceprivateconsulting2089 Жыл бұрын

The Garn St Germaine act will shed light on the “due on sale clause” as it pertains to this sort of transfer.

@tobiasbrown8295 5 ай бұрын

Exactly

@im4pinoy 2 жыл бұрын

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?

@realtorgamechanger6192 Жыл бұрын

Excellent information!!! 🔥🔥

@robward155 Ай бұрын

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?

@SiskiyouLocomotive 2 ай бұрын

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.

@deborahangst4826 11 ай бұрын

Very helpful thank you , I need to do this .

@garyomglol 3 жыл бұрын

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!!

@svca12218 3 жыл бұрын

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!

@AnaMony 2 жыл бұрын

Grant Deed for ZERO dollars as no money is exchanged. When you sell, an appraisal will be done then.

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@SuperFredAZ 2 жыл бұрын

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?

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@renataostertag6051 5 ай бұрын

Why a revocable trust instead of an irrevocable one please?

@mariceldb2990 2 жыл бұрын

Thanks for the information.

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@tracjay1 4 ай бұрын

My mortgage company will not allow me to transfer to an irrevocable trust What now?

@ineezegainey4025 Жыл бұрын

If you still have a mortgage you can transfer the property into the irrevocable trust?

@ligayaatencio2902 4 ай бұрын

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?

@nidasalvador9705 Жыл бұрын

Thank u

@jpeterson4704 Жыл бұрын

Very informative! Thanks

@ortallevitan1 3 жыл бұрын

This was very helpful and super interesting too. Thank you so much for sharing it and I can’t wait for your next video 😊

@CortesLawFirm 3 жыл бұрын

You are so welcome!

@trindon9439 Жыл бұрын

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?

@RadicalforGod 11 ай бұрын

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?

@ixsmaelable 7 ай бұрын

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.

@skittles2055 Жыл бұрын

Very good sir! Thank you! Sub earned

@TheObaby18 2 жыл бұрын

You're a good Man.

@clncaaquintero3595 6 ай бұрын

What about a rental property that is an LLC?

@OhHappyBiz 3 жыл бұрын

This is a really great advice. Thanks for sharing!

@CortesLawFirm 3 жыл бұрын

Thanks for watching!

@newpete4082 2 жыл бұрын

What if home is with home equity line of credit? can we still transfer to revocable living trust?

@CortesLawFirm 2 жыл бұрын

Thanks for watching. Great question. Please consult with an estate planning attorney in your jurisdiction.

@JudgeCommitee-ck5wq 6 ай бұрын

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.

@tramainerobinson1523 3 жыл бұрын

Thanks for info on trust.

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@joepham8009 Жыл бұрын

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?

@dman10000000 Жыл бұрын

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?

@jl3268 Жыл бұрын

Yes and then you can pay bills out of LLC. LLC may also be able to act as trustee if I remember correctly

@LuC1800 3 жыл бұрын

AWESOME VIDEO,!! I’m a new subscriber!

@CortesLawFirm 3 жыл бұрын

Awesome!!! Thank You

@yattyjohnson Жыл бұрын

How much does this cost ?

@kurpal8904 2 жыл бұрын

Does transferring my estate into a trust cause my property tax to increase in CA?

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@tonytran6061 2 жыл бұрын

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

@JackMeyHoffer562 Жыл бұрын

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)

@tampaterry1245 5 ай бұрын

No. This needs to be probated via a will

@AudreyWoodley 2 жыл бұрын

What about the liens?

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@trackmastersdj 2 жыл бұрын

How long can a Trust litigation (probate) case remain in pre-trial/discovery stage?

@CortesLawFirm 2 жыл бұрын

Thanks for watching

@CortesLawFirm 2 жыл бұрын

Please contact an attorney in your jurisdiction

@browndavidaaron Жыл бұрын

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

@stephencortes 3 жыл бұрын

Deed into your revocable trust

@CortesLawFirm 3 жыл бұрын

Thanks for watching

@wayneguy6043 8 ай бұрын

Sell the house , give the money to your child and have them buy you a new house…..

@MrChuckwagon55 5 ай бұрын

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?