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Living Trust for Real Estate: Protecting Your Property

2024-10-077 min read
Real estate is often a family's largest asset. A living trust ensures your property transfers smoothly to your beneficiaries. ## Why Put Real Estate in a Trust? ### Avoid Probate Real estate must go through probate if not in a trust. Probate can take months or years. ### Multiple State Properties If you own property in different states, each property could require separate probate proceedings. ### Quick Transfer Property in a trust transfers to beneficiaries immediately upon your death. ## How to Transfer Real Estate to a Trust ### Step 1: Deed Preparation A new deed transfers property from you individually to you as trustee. ### Step 2: Recording The new deed must be recorded with your county recorder's office. ### Step 3: Insurance and Mortgage Notify your insurance company and mortgage lender of the change. ## Mortgage Considerations Most mortgages allow transfers to living trusts without triggering the due-on-sale clause. ## Professional Help Pioneer Credit Solution helps you protect your real estate with a living trust. Call 1-888-271-2293.

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