Jerry Taylor explains the process by which a home is transferred to children via a living trust. He outlines that the homeowner first creates a living trust and then deeds the home into the trust, recording a new deed that lists the trust as the owner. While the grantors are alive, they serve as the trustee and retain full control over the property. Upon the death of both grantors, the named successor trustee—typically one of the children—assumes total control of the trust and its assets, including the home, without the need for probate. The successor trustee then handles administrative duties and can manage or distribute the home according to the trust terms.
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