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You (your full legal name) are the grantor, transferring the property to the trust the grantee. You would sign the dated quitclaim deed with a notary public to formally transfer the home to the trust on the stated date. Then you would have the quitclaim deed recorded.
The Cons: There are costs involved. A trust is a complex legal document that is best created by an attorney. You have to fund a trust. All of your assets must be moved individually into the trust. You still need a willand maybe a probate. You have to pay taxes. If a trust is lost, there is no way to retrieve it.
To transfer real property into your Trust, a new deed reflecting the name of the Trust must be executed, notarized and recorded with the County Recorder in the County where the property is located. Care must be taken that the exact legal description in the existing deed appears on the new deed.
Heres what to do: Create a Valid Trust. Work with an experienced estate planning attorney to establish a trust thats tailored to your needs before transferring the property. Choose The Type of Deed. Prepare Sign The Deed. Notify Your Mortgage Lender. Record The Deed. Update Trust Records. Inform The Trustee.
After you prepare the deed and have it notarized, your attorney will record the deed in the county property records office. An attorney may charge $500 to $1,000 to handle the deed transfer for you, said Van Atta. Typically, youll also pay a small fee for recording the deed, such as $100, said Banuelos.
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Here are the seven items that a quitclaim deed must include: Grantor. The current owner of the property. Grantee. The person receiving the property. Consideration. Legal Description. Signature of the grantor. Signatures of two witnesses. Signature of a notary.
Putting your home in a Trust in Florida can yield a variety of benefits, from minimizing estate taxes to avoiding probate.

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