Q: In 2012, I set up a living trust and signed a quitclaim deed to my house and property over to my daughter. If I now decide to sell my house, what do I have to do? Could she sign a quitclaim deed ...
The added benefit of the trust is that upon any mental disability, the trust document can designate a successor trustee to handle the homeowner's affairs and upon their death, the trust document would ...
Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.
Q: I wanted to record a quitclaim deed to transfer title of our home into our respective living trusts in order to avoid probate. Our plan was to record this deed ourselves to save money. We thought ...
Avoiding probate and retaining control over the distribution of your assets are two key benefits of using a living trust as part of your estate plan. With so many misconceptions around trusts, it's ...
When you prepare to purchase a home, you'll usually find an avalanche of paperwork you must complete. A deed of trust is one document you should not sign without understanding its implications. In a ...
If the goal is to help children bypass probate, a living trust is only part of the strategy, not a catchall bucket for every asset. Some accounts and policies already have built-in ways to sidestep ...
When closing on a home, you might sign either a mortgage or a deed of trust. Both use the home you buy as collateral for your loan, and both require a promissory note (a document in which you agree to ...