Nick Perry explains how to transfer property into a trust using a quitclaim deed to skip transfer taxes and closing costs. He claims you can do it without notifying your bank or recording the deed, which speeds up sales.
Oh, boy. The banks might increase my interest rate for this one. Did you know that you can transfer your home into a trust without your bank knowing? Look, I love the bank. I just hate paying avoidable taxes like the transfer tax, closing costs, and all that other bs. That was when I discovered that you can get around all of this legally, without the bank knowing by using a special deed. It's called a quitclaim deed, and it's a legal way to transfer ownership of your property directly to your trust without having to record the deed or tell the county office, which means no taxes and a faster sales cycle.
