Transferring Your Home to a Revocable Living Trust

[@mypalbill]

Excellent advice and video, thanks!

[@TheK9Shepherd]

Be very careful about refinancing. Apparently my mother-in-law did that. The house was pulled out of the trust but never put back in. We didn't find out till about 10 years later. She was still alive but we had to pay the attorney to update the trust and pull the house back in. So just double/triple check. 🙂

[@Kim-yy8kl]

Happened to us too

[@TrustVictims]

Thanks for the Tip I'll check to see if our Forgery Proof Legalese Administration Lawyer is on top of that.

[@TheK9Shepherd]

@@TrustVictims And it's not so much fraud or a scam. It's just that when you refinance, for whatever reason the house gets pulled out of the trust. I am sure it was on the up and up however with a 70yo mother in law, I am not sure she fully understood the ramifications. Or if there is even a choice to opt out to pull the house out. Anyways, just FYI if you refinance with a house in a trust 🙂

[@laurice8056]

Medicaid and Nursing Homes have a 5 year look back policy for what they call asset recovery. They can put a lean on your home for reimbursement of payments for your long term care and health expenses even if you transfer the title to someone else, (like a family member), or put your home in a revocable trust. Placing your home in a trust at least 6 years Before the need for Nursing Home placement can help to prevent such leans. Setting up an Irrevocable Trust Fund for nursing home and long term care can also help prevent having a Government or nursing home lean on your house.

[@njlifeandhealth]

Thanks for the insight! Too many people are blind sided by the Medicaid look back period we really appreciate you getting the word out.

[@TL50-r9f]

Great information...What happens if the home is gifted to a beneficiary?

[@kingstonstreet3726]

Here to support you

[@FisherMan-g2z]

With millions of Jobs in Justice for Allied Legal Professionals protecting Grantors when we're vulnerable and Grantees Legacies when we're not around.

[@theluckin]

Thanks for the video. Can I still get tax benefit on the interest paid by me for the mortgage on the home owned by my Revocable Living Trust?

[@debbiehall362]

Homeowner insurance when adding "trust" the policy increase?

[@theangryrktkt8385]

ok, " i sign a deed". great, where do i get the blank deed to fill in information? its not from the county recorder.

[@kevinhornbuckle]

I need to understand this option.

[@jackiemansfield8325]

63 yo, childless F, just got married, and want to know if the revocable living trust is appropriate for me to protect my house from stepchildren. Spouse wants to live in the house until he dies.

[@TrustVictims]

Your Trust is only as good as the easy to forge Plain English Lawyer's Estate Plan that cost our family 50% in Billable Litigation Hours, hire a NICER approved Legalese Administration Lawyer and their team of Allied Legal Professionals who deliver services instead of easy to forge estate plans.

[@buyerbware25]

Ask a professional about making your heirs the trustees. This might not let him live in the house until he dies, but you may well have to decide between leaving the house to him, or to your heirs. Another option might be to pay a fiduciary professional to be a trustee, leaving disposition of the house to a (hopefully) completely disinterested person.

[@buyerbware25]

You also could check your state's laws pertaining to a spousal trust.

[@neikky396]

Would the mortgage be changed to the name of the trust and will it still report on my credit? If I file bankruptcy, would that affect my mortgage if it's in the trust?

[@buckmaster7185]

Seems like a lot of trouble and work solely to avoid probate. Wouldn't that mitigate against it?

[@TheK9Shepherd]

Honestly, creating a trust is not that bad or hard. The lawyers do everything. The initial cost will sting. It could cost between $5000 to 10,000. Depending on the complexity. The cost definitely outweighs needing to go to probate. Because that could be a very lengthy process. Even if there’s no family turmoil and maybe you’re single or maybe have a couple siblings. Having everything in the trust is so much easier to liquidate then going to court and proving everything is passed down to you. The trust and a death certificate that’s literally all you need when needing to work with the bank, the town, realtor, etc. We kind of dealt with this when my wife’s brother passed away. He died intestate which means no will or trust, but his assets were below $186,000 (which is the limit in our state before you have to go to probate). It was so much easier closing his bank accounts re-registering his car. No court involved at all

[@GreyhairedOldman]

Simple to get done in the end you will be grateful

[@TrustVictims]

@@TheK9Shepherd Sorry to bust your bubble but 10 thousand gets you an easy to forge estate plan that cost our family 50% in Billable Litigation hours. And the Estate Planner who promised peace of mind refused to help because he spent the 10 grand to keep the lights on. A complete Forgery Proof administration with about a hundred steps behind closed doors cost 5 to 10 percent of our gross estate value. For a NICER approved Legalese Administration Lawyer and their team of allied legal professionals protecting us when we're vulnerable and our loved ones when we're not around.

[@Dblue-rhino]

Ok, but why would I need that? Not explained.

[@MegaAli213]

8f it's not a "Private Express Trust created under the common law and within a foreign jurisdiction" I'm not interested. Any "Trust formed under or within the jurisdiction of the statutory policies of the [District of Columbia] is still subject to legislative enactments. See Blacks Law Dictionary 4th edition.

[@BettyMendoza77]

I am interested in the private express trust can you direct me to who can help me set up one please