Legal Question in Wills and Trusts in California
Transfer of real estate into trust
What is the effect on title insurance, if any, of transferring to a revocable living trust (a) a personal residence and (b) a rental property? Does notice have to be provided? A new policy purchased? A discounted policy purchased? How is this usually handled in California. Thank you.
Asked on 5/15/08, 4:25 pm
2 Answers from Attorneys
Mitchell Roth
MW Roth, Professional Law Corporation
Re: Transfer of real estate into trust
No effect. Transfer into a living trust is a transfer in name only. The property is still yours. To better understand how living trusts work,what they are and how to use them, go to my website www.IWant2CreateMyLegacy.com and order my book on the subject, written for laymen with complete plain English forms provided.
Answered on 5/16/08, 11:59 am
Robert Mccoy
Law Office Of Robert McCoy
Re: Transfer of real estate into trust
No effect whatsoever.
Answered on 5/15/08, 7:08 pm