Legal Question in Real Estate Law in Texas

If mortgaged home title is in a legal revocable living trust - does the beneficiary/exec trustee/occupant have any protections against acceleration - - when current homeowners insurance carrier is now requiring beneficiary's name to be 'added' to the title or the current policy in force thru December will not be re-newed? Carrier is State Farm in Texas.


Asked on 10/02/14, 8:02 am

1 Answer from Attorneys
Robert Newton The Law Office of Robert Newton, P.C.

You are mixing a bunch of different terms here. A homestead in a revocable living trust does have certain protections against acceleration. The failure to maintain insurance, though, is not one of those protections. Perhaps the insurance company is asking for the "beneficiary" of the deed of trust (which is the lender) and not beneficiary of the revocable living trust.

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Answered on 10/08/14, 8:36 am


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