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After creating a revocable living trust, the next step is transferring assets, specifically real estate, into the trust using a trust transfer deed. This legal instrument shifts the title of real estate into a trust. Daniel Hunt, a certified specialist in estate planning, clarifies that a trust transfer deed is necessary in two main scenarios: first, when initially forming a trust to prevent probate upon death; second, if a home is removed from the trust, especially when dealing with refinancing companies. Understanding and utilizing a trust transfer deed is crucial for effective estate planning and asset management.