Category: Living Trust
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Can I Quitclaim My House Into a Living Trust?
We’re glad you asked. You might have heard that a living trust can… All of the above are reasons many people use this method of passing their property along after they die. And a home is a typical piece of property that people put into a living trust. Importantly, a living trust is a…
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Can a Home in a Living Trust Be Refinanced?
On Trust Property In a Time of Low Mortgage Rates A living trust is a revocable trust. And a revocable trust is a trust you can change — which means you can refinance. That said, your lender must be on board. Let’s take a brief look at how this plays out.
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Is It Time to Place Your Home in a Living Trust?
With a revocable (living) trust, you can assume the role of trustee, and stay in control of your real estate during your lifetime. After you pass away, your living trust becomes a substitute for probate. This is especially helpful if your estate would otherwise face multiple probate processes because you have real estate in several…
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Homestead Exemptions and Living Trusts: a Look at California, Florida, and Texas
The information presented in this article is not all-encompassing, nor is it meant to be construed as professional legal advice. Because homestead exemption laws are complicated, consult a qualified attorney with questions regarding homestead exemptions and living trusts in your state. Via Black’s Law Dictionary, 8th ed., a homestead is “[t]he house, outbuildings, and adjoining…
