QUESTION
does quickclaiming a house that is part of a trustfund take that house of of trustfund umbrella?
Asked on Jan 11th, 2016 on Estate Planning - California
More details to this question:
Sister wants to quickclaim to her name, from trustfund that mom is trustee.
1 ANSWER
Estate Litigation Attorney serving Redlands, CA
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A trust will only transfer property that is owned by the trust.
So if a property is transferred from the trust to an individual, then the trust no longer appllies to that property.
Answered on Jan 23rd, 2016 at 10:05 PM