How To Transer Assets Into Living Trusts

It is not uncommon for spouses to use a living trust that will help to protect their assets from being probated and taxed when one of them dies. In order for this living trust to be truly valid and to be passed onto the beneficiary they must be registered in the name of the appropriate trust.

Plan It Out

Before you approach your attorney you need to choose what items will be placed in the trust. You can place almost anything between real estate, clothing, and jewelry. Make sure that you list everything on a piece of paper that you will take to your attorney.

Find Attorney

Now it is time to find an estate planning attorney that will help you with the mounds of paperwork involved in this process. The attorney will help to make sure that everything is filled out correctly and with no missing names or information. Any information left out will make the process unusable.

Get The Information

Gather up all of the bank statements, stock certificates, property deeds, and the titles of ownership to certain things. The attorney will use all of these documents to transfer the assets into the trust. Any documents will need to be signed and notarized.

Transferring Property

To transfer property that you own you need to use a quitclaim deed that is used to transfer all of the titles into the proper name of the trust. Using a real estate attorney will make it easier to make sure that everything is done properly. Make sure to pay the necessary fee to have this recorded.