New Reporting Rules Effective March 1 Affect Home Transfers To Trusts

New FinCEN rules starting March 1 require reporting when residential real estate transfers to trusts or LLCs. Learn which transactions trigger filings.
Nasdaq

How to Transfer Property into a Trust

If a trust is part of your estate plan, your assets will need to be transferred into it at some point. Most of the time, this is a fairly simple process that requires nothing more than listing the ...

Pros and Cons of Putting Your House in a Trust

Your home can be one of the most valuable assets you own. Therefore, deciding what happens to it after you’re gone is a ...
JD Supra

Deed of Trust Assignment without Debt Transfer Does Not Trigger TILA Notification Obligation, Maryland District Court Rules

The mere assignment of a deed of trust without a transfer of the underlying mortgage debt does not trigger a lender's obligation under the Truth in Lending Act (TILA) to notify the borrower of the ...
Houston Chronicle

What Does Joint Tenancy Mean for a Deed of Trust?

A deed of trust is similar to a mortgage for real estate purchases. In some states, a trust deed unites the borrower, a lender and a trustee. The buyer/borrower gets the use of the property, and the ...
Chicago Tribune

Homeowner set up a living trust and signed a quitclaim deed; but now he wants to sell his home

Q: In 2012, I set up a living trust and signed a quitclaim deed to my house and property over to my daughter. If I now decide to sell my house, what do I have to do? Could she sign a quitclaim deed ...