Living Trust Deed
REAL ESTATE DEED - TRANSFER TO LIVING TRUST
Transferring real estate into a revocable living trust requires retitling of the deed. The appropriate deed conveys the property from the owner as an individual(s) to the owners as trustee(s) of the living trust. Homes and rental property must be retitled to a revocable living trust for the transfer to be valid.
A pitfall of transferring real property to a trust is losing title insurance. Title insurance does not pass with the transfer. A unique configuration of warranties incorporated into the deed can keep the title insurance tied to the property. Our deeds have the necessary language to keep a tie to title insurance.
Do not use a quitclaim deed to transfer real estate to a revocable living trust. In many states, the courts have ruled transfer to a revocable trust via quitclaim deed invalid.
PRODUCT FEATURES
---- State-specific. Up-to-date with current statutes
---- Conveyance to trustee(s) of a revocable living trust
---- Will not trigger mortgage default
---- Maintains a tie to real estate title insurance
---- Complete the deed using information from current deed