How do I move inherited property into my living trust?

emilee2002 · Joined: 12 Sep 2007 Posts: 1 1.28 Dollars($)

My spouse is not on the deed. I'd like to put the farm into our trust and have my spouse included on the deed.

miller_st · Joined: 17 Jan 2007 Posts: 917 168.82 Dollars($)

As the owner of this property you will have to make a deed to transfer this farm property into the trust you have created.

This process is known as funding the trust.

You need to contact an attorney to follow the correct procedure for transferring the property into the trust.

Miller

Guest 0.10 Dollars($)

To safeguard interest of your spouse in the property what you can do is name your spouse as beneficiary. This way spouse will receive assets that are part of the trust if something happens to you.

larry · Joined: 27 Jun 2007 Posts: 3164 446.85 Dollars($)

Hi Emilee,

By using a quitclaim deed, you can transfer your inherited property into the living trust. In the trust, you need to mention your spouse as the beneficiary who will receive the property after your death. To know more on how you can transfer your property to the living trust, you may refer to http://www.mortgagefit.com/discuss/living-trust.html

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