Just put your home in your trust

26 Oct 2023 · 1 min

Watch on YouTube

0:39

In this concise video, Jerry Taylor explains why homeowners should record their property in a revocable living trust. He states that once the deed is transferred to the trust, the home can be sold or conveyed to heirs immediately after the owner’s death, avoiding the typical 9‑month to year delay that occurs when the title remains in the owner’s name. He addresses a common concern that a mortgage lender might demand full repayment upon the transfer, clarifying that federal law prohibits lenders from calling the loan due in such trust transfers. Taylor concludes with three clear action items: (1) create a trust, (2) transfer the home and other assets into the trust, and (3) follow his link to subscribe to his newsletter or work with him for further assistance.

Chapters

When you have put your home in your trust, when you've actually filed a deed changing the name of the owner from your name to the name of your trust, your home can be immediately sold when you're gone. It could also be immediately conveyed to your kids or your heirs. If you don't do that and you die with your home in your name, it could be 9 months to a year or longer before your home could be sold. People get concerned that if they put their home in a trust, their mortgage company will call their note due. There's federal law that prevents that from happening. Here's your action items. One, create a trust. Two, put your home and everything else you have in it. Three, click on my picture and my link for my newsletter and to work with me.