QUESTION
Does my home have to show my living trust name as the owner?
Asked on Sep 15th, 2021 on Estate Planning - California
More details to this question:
I am having a living trust made and they want to charge me an extra $500 to put my house under the living trust - is this necessary?
1 ANSWER
Special Needs Trusts Attorney serving Culver City, CA
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Bergman APC
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Yes - titling the property into the trust is a critical and necessary step to avoiding probate court. If the title is left in your name, your loved ones will need to petition the probate court to get title transferred into the trust, which will cost far more than $500.
Answered on Oct 07th, 2021 at 1:08 PM