Full question:
In order for me to get a Reverse Mortgage, my wife, who is not old enough to qualify, gave me a quit claim deed. I now want to record a Warranty Deed to put the house into our Revocable Living Trust. Which form do I need so that my wife can sell the house when I die?
- Category: Trusts
- Date:
- State: Florida
Answer:
After creating the living trust, the grantor should transfer personal assets into it. This is referred to as funding the trust. In order to transfer real estate into the living trust, a real property deed naming the living trust as grantee should be executed and recorded. Bank accounts, retirement accounts and life insurance policies can be also be transferred to the trust. A warranty deed or quit claim deed is commonly used to transfer real property to the trust.
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