Get ready with me to go move my house into my trust.

Get ready with me to go move my house into my trust. Yes, you heard that right. Today, I'm heading to my attorney's office to sign a quit claim deed so that my property officially transfers into my trust. This is just one of those adult moves that no one talks about, and honestly, everybody who owns property probably needs to know about this or a little bit about it. So let me backup real quick. I have a revocable trust. And before you ask, yes, there is a difference between revocable and irrevocable trust. A revocable trust means I can change it, update it, or revoke it entirely. While I'm alive, I am still in control. An irrevocable trust is more permanent. Once it's set up, you generally cannot change it, but it comes with stronger asset Protection and certain tax advantages. Neither one is better than the other. They just serve different purposes, depending on your goals. So why am I putting my house into a trust? A few reasons. First, in anonymity, when your property is in a trust, your name is not the one that shows up in public property records. Trust name shows up instead. And for me, um, that privacy matters, especially as a landlord. Um, second, probate avoidance. If something happens to me, a property held in my name alone has to go through probate court before it can transfer to anyone. And that process is slow. Public. And expensive. A trust bypasses all of that. Your beneficiaries get the property without the headache. Third, control over what happens to your assets. My trust already outlines exactly what happens to everything I own. Adding the house means it falls under the same plan automatically. And lastly, Protection. Depending on how your trust is structured, holding property in a trust can offer a layer of Protection that simply owning in your name does not. I'm in the state of Texas, by the way, and estate planning laws vary by state, so always work with a licensed attorney in your state. I work with Karen Egbuna at Align Law and she handles estate planning. I will link her information below. If you're in Texas and you don't have a trust yet, definitely hit her up. Or you need help with any estate planning, here's what today looks like. We're gonna sit down, and I'm gonna assign the quit claim deed with my attorney, who's awesome, and get it notarized right here in her office. A quit claim deed is basically the legal document that transfers ownership of the property from me personally into my trust. It sounds complicated, but the process is actually pretty straightforward when you have the right attorney walking you through it, which I have a few things to keep in mind. If you're thinking about doing this, you wanna make sure your mortgage lender is aware. So let mine know. Most lenders are fine with it. But you wanna notify them to make sure you don't trigger something called a due on sale clause. You also want to make sure your homeowner's insurance reflects the trust as an additional insured. These are the small details that matter that most people skip. This is gonna be a two part series. Today I signed the quick claim deed and got it notarized here with my attorney. In part 2, I'm gonna go to the county clerk's office to file it myself. So you're going to see exactly what the process looks like from start to finish. Protecting your assets is not just for super wealthy people. It's for anyone who has something to lose. And if you have stuff to pass on, if you own property, that is you. I will see you in part 2. Trust your attorney. Get a good attorney, Trust the process, and trust yourself enough to protect what you have. Love y'all real bad. See you in the next video.