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What are the disadvantages of putting your house in trust?

Putting Real Estate Into a Trust Since title to real estate is evidenced by a deed, transferring a home into a trust can only be accomplished by executing and recording a new deed that transfers title of the property to the trust.

Should you put your house in a trust in Georgia?

Typically, youll name yourself as the trustee of your trust. This means that while you are alive, you retain control of the trust and its property. In your trust document, you will also name a successor trustee to take over and manage the trust (distribute your property) after you die.

How to transfer property into a living trust in Georgia?

General assignment of assets to a trust is a legal process in which an individual transfers ownership of their property to a trust they have established.

What is an assignment to a trust?

In Georgia, for instance, a smaller estate might be better served by a will due to its simplicity and lower upfront costs. However, individuals with larger estates might prefer a trust for its potential to avoid probate and provide privacy.

Can I put my house in a trust in Georgia?

A living trust does not protect your assets from a lawsuit. Living trusts are revocable, meaning you remain in control of the assets and you are the legal owner until your death. Because you legally still own these assets, someone who wins a verdict against you can likely gain access to these assets.

irrevocable trust template georgia

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