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User Panel
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Posted: 2/25/2018 10:49:25 PM EDT
[#1]
I have land in our living trust. Simple process. I had our attorney handle the title transfer when I set up the trust. Do you have a specific question?
ETA: No cons that I am aware of. |
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Posted: 2/25/2018 11:43:30 PM EDT
[#2]
Quote HistoryQuoted:
I have land in our living trust. Simple process. I had our attorney handle the title transfer when I set up the trust. Do you have a specific question? ETA: No cons that I am aware of. |
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Posted: 2/25/2018 11:54:29 PM EDT
[#3]
My estate planning attorney did it. They didn't mention any cons. There's probably a little more paperwork if you
sell it, but I can't imagine it's more than producing the trust document and saying yep it's mine. Pros are transfer upon death or disability is super smooth. My parents had done a decent job planning and we never touched the court or probate. They save the rest of the family a lot of grief and hassle setting things up the way they did. |
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Posted: 2/26/2018 10:51:47 AM EDT
[#4]
I know this will vary, but what was the cost of setting it up through an attorney?
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Posted: 2/26/2018 12:42:43 PM EDT
[#5]
Quote HistoryQuoted:
I know this will vary, but what was the cost of setting it up through an attorney? Changing the title is probably 1-2 hundred in various fees. |
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Posted: 2/26/2018 3:05:51 PM EDT
[#6]
Quote HistoryQuoted: Setting up the trust or transferring property? My trust was established along with my estate planning. If you are just doing a trust it could be as simple as a few hundred dollars. Changing the title is probably 1-2 hundred in various fees. |
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Posted: 2/27/2018 2:26:56 PM EDT
[#7]
Transferring the land into the Trust is very simple.
1) set up trust 2) file a Quit Claim or Grant Deed (most used) - here in NV this can be as low as $15 to more likely $50 depending on county. I did my own / no need for a lawyer if you feel confident about copying a few examples Here is a sample of the actual text. Not mine - just a recent public record as a Sample |
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