Transfer Deed To Living Trust California
Wait for the deed to be returned you will receive your original recorded deed from your county recorder a few weeks after recording.
Transfer deed to living trust california. Because a warranty deed shows that the grantor or person making the transfer actually owns the property it is the type of deed most often used in california real estate transfers. Steps to transfer a deed into your trust. A california revocable living trust gives a person control of the trust assets while alive but establishes the parameters of transfer to beneficiaries after death. Locate your current deed.
Counties vary on how long this takes. You can usually fill out a new deed yourself. Try to find one that is specific to your state. If a problem should arise with the property such as the buyer or grantee discovering there s a lien on the property the warranty deed gives the grantee the right to sue the grantor.
In california to transfer real property into a living trust the grantor must fill out a grant deed the vehicle for transferring ownership of title from the grantor to the trust itself. A trust is a unilateral contract. To put your real estate in trust you transfer the property s deed into the trust. You should be able to find one online.
When you re putting property in trust consider consulting an attorney so you have peace of mind that you re doing the transfer correctly. It is up to you to ensure that the deed in fact meets all the legal requirements needed to transfer the property into the your trust. The most common is a re finance. Before you begin filling out a grant deed you will need some information from your current deed the original document that transferred ownership from someone else to you.
Keep the property in the trust there are occasions where property might be taken out of the trust.