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Transfer your Home to a Trust...here's how

@lindamoneytips

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Why it worked

The video provides clear, actionable steps for a complex legal process, making it highly valuable and shareable for homeowners interested in estate planning.

Summary

The video explains the steps to transfer a home into a revocable trust. Key actions include completing a new deed, filing it with the county clerk or superior court, filing a trust affidavit to preserve homestead exemption, notifying the mortgage company, and updating the insurance policy.

Structure

1Fill out a new deed
2File deed with county/court
3File trust affidavit for homestead exemption
4Notify mortgage company
5Update insurance policy

On-screen text

Transfer your Home to a Trust...here's how THINKING ABOUT TRANSFERRING YOUR HOME INTO A REVOCABLE TRUST HERE'S WHAT YOU NEED TO DO Complete a NEW Deed naming Trust as owner FILL OUT A NEW DEED NAMING THE TRUST AS THE OWNER OF THE PROPERTY AND REMEMBER TO HAVE IT NOTARIZED NO 2 WHILE TRUST DOCUMENTS ARE PRIVATE AND DO NOT NEED TO BE FILED WITH ANY COURT OR PUBLIC ENTITY I DO SUGGEST THAT YOU FILE THEM WITH YOUR COUNTY CLERK'S OFFICE OR SUPERIOR COURT AFTER THAT File a Trust Affidavit to preserve your Homestead exemption REMEMBER TO FILE YOUR TRUST AFFIDAVIT SO YOU CAN KEEP YOUR HOMESTEAD EXEMPTION AND LET YOUR MORTGAGE COMPANY Talk to your Mortgage company KNOW THAT YOU TRANSFERRED YOUR MORTGAGE TO A TRUST I WOULD SUGGEST THAT YOU CONTACT YOUR MORTGAGE COMPANY FIRST TO DETERMINE WHETHER OR NOT IT'S GONNA ACCELERATE YOUR LOAN PAYMENT AND LASTLY DON'T FORGET TO Update your Insurance Policy naming Trust as "Additional Insured" UPDATE YOUR INSURANCE POLICY NAMING THE TRUST AS AN ADDITIONAL INSURED IF YOU FAIL TO DO THAT THEY COULD ACTUALLY DENY ANY FUTURE CLAIMS BECAUSE THE HOME IS IN THE TRUST NAME NOW NOT YOURS

Original caption

To put your house in a revocable trust, here’s what you need to do: 1️⃣Fill out a new deed for your property. Then, sign it in front of a notary. 2️⃣File it at your District Clerk’s Office or Superior Court. 3️⃣File a trust affidavit to keep your homestead exemption. 4️⃣Let your mortgage company know you’ve transferred ownership! 5️⃣Don’t forget to update your insurance policy to include the trust as additional insured; otherwise, they could deny claims! #moneytips #revocabletrust #mortgage #livingtrust 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.