Legal Question in Wills and Trusts in Arizona
transfer of real estate in a trust
The trust reads '' The trustee shall distribute the settlors presonal residence in the trust as of the date of death of the settlor to or apply for the benefit of ( the bebeficiarys name) or their survivor free of trust''
The house is Valued @ $230k with a $34k mortgage. my question is: Does the house transfer with or without the lein?
Asked on 9/29/06, 8:17 pm
1 Answer from Attorneys
Donald Scher
Donald T. Scher & Associates, P.C.
Re: transfer of real estate in a trust
without any other provision, it transfers with the lien.
Answered on 10/01/06, 11:47 pm