Can a piece of real estate be deeded to and owned by a revocable living Trust which is domiciled in another state?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Can a piece of real estate be deeded to and owned by a revocable living Trust which is domiciled in another state?
Asked on May 7, 2018 under Estate Planning, Kentucky
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
Yes, this can be done. Every state will recognize trusts legally and properly created in other states. Since state A will recognize state B's trust, that trust may own property in state A, the same way that a person or LLC or corporation domiciled in state B may own property in state A. You probably want the help of a real estate attorney from the state where the property is located just to make sure than any necessary registration and recording formalities are complied with, and that the trust properly authorized (e.g. by its trustee) the transaction.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.