Legal Question in Wills and Trusts in California
Want to Transfer Car Title to a Trust
I want to create a trust and transfer the title of my car to the trust so it becomes the registered owner. How much does it cost to set one up? How much does it cost to maintain a trust (if any), and how easy is it to set one up?
2 Answers from Attorneys
Re: Want to Transfer Car Title to a Trust
There are many kinds of trusts that are set up for many kinds of reasons. There are trusts set up to provide periodic funds for family members, there are trusts set up to avoid probate of an estate, there are trusts set up to limit a person's or a business' potential liability, there are trusts set up to make a bequest to a charity, and the list goes on. It would be practical malpractice for an attorney to set up a trust for you without knowing what you are trying to accomplish. I know from my own experience that many people have misconceptions about what a "trust" can do for them. I wonder why you would want to transfer title of a vehicle to a trust as that type of action is almost never necessary to accomplish the ends one desires by doing so. For an attorney to give you an estimate of the cost, he would need to talk to you to determine what you need. Many attorneys will provide you with a free consultation for this purpose. I have created trusts for as little as $500 and as high at $7500.
Re: Want to Transfer Car Title to a Trust
In CA you cannot title a car in the name of a trust. But, you still can hold equitable title in the trust name. If you get my book written for non-lawyers, you can do all yourself. There are forms in the back and a plain English explanation of all you need to know. Check out www.IWant2CreateMyLegacy.com.