Jerry Taylor walks through moving assets into a revocable living trust. Transfer real estate with a quit-claim deed, keep checking and savings accounts in your name but name the trust as beneficiary, and open a separate trust account so your successor trustee can access funds immediately. Include personal property like furniture and clothing too.
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I'm going to tell you how to put most everything you have in a trust, so save and share this video. We've talked about how to put your home in a trust. Find your current deed on the home, copy the property description from that deed onto a quitclaim deed. That's what it called in most states. That's just a deed that is transferring ownership only. It's not transferring any type of warranty with it. The quitclaim deed would also reflect the fact that it's— you're changing it from your individual name to the name of your trust. And And once that deed is on file in your local land records office, your home is in the trust. Next would be bank accounts. Leave your checking and your savings bank account in your own name, but name the trust as the primary beneficiary of those accounts. It's also a good idea to actually create a trust account during your life. The reason for that is on the date of your death, your executor trustee will have immediate access to anything that is in the name of the account, including that trust account. How about personal property? Everything you own, your furniture, clothing, everything that doesn't have a title on it. You transfer
