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NEVER transfer Home 🏠 to a Trust without this Step!

@lindamoneytips

55.4K followers · usually 347 views a post

Views

16.9K

Likes

382

Comments

423

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Why it worked

The video addresses a common and potentially costly oversight in estate planning, providing a clear, actionable solution with a direct benefit (avoiding financial disaster). The creator's established authority in 'money tips' and the clear call to action to follow for more content likely drove engagement.

Summary

This video explains a critical step when transferring a home into a living trust: ensuring the trust is named as the "additional insured" on the homeowner's insurance policy. Failing to do so could leave the homeowner unprotected if unforeseen events like floods or hurricanes occur.

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Original caption

Never, ever move your home into a trust without this one critical step! Once you put your house in a living trust, you’re no longer the owner...The trust is! In many states, that means your homeowner's insurance might not cover you anymore. Your house floods? You get nothing! So, make sure to call your insurance company and say, 'I need to name the trust as the additional insured.' Just that one piece of paper can save you from a financial disaster! #moneytips #livingtrust #mortgage #revocabletrust #estateplanning Disclaimer: My content is for educational purposes only, it is not legal or tax advice. Always consult the appropriate professional licensed in your state before making any decisions. I may earn affiliate commissions from any links mentioned.