Can I transfer a house into a trust quitclaimed to me, without a living trust?
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Can I transfer a house into a trust quitclaimed to me, without a living trust?
My mother quitclaimed her house without a living will or trust. The house has a mortgage tied to it. I need to transfer my name on the loan to assume ownership and mortgage obligation. The bank is willing to transfer my name in place of my mothers, as long as I can show I am executor of the estate or show a trust in my name. What can I do?
Asked on August 7, 2012 under Estate Planning, California
Answers:
Cameron Norris, Esq. / Law Office of Gary W. Norris
Answered 11 years ago | Contributor
Create a living trust. That's it. If they require it, you need to make one. It's not a bad idea to have one anyway because if you were to pass away you would avoid the whole probate process.
Best of luck.
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