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Successor Trustee

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msemeit Joined: 12 Jul 2010 Posts: 1 1.33 Dollars($)	Posted: Mon Jul 12, 2010 2:32 pm    Post subject: Successor Trustee Like 0 Dislike 0 I along with my husband are successor trustee's of his parents trust. Both are now deceased; one died 2009, the other 2010. What paperwork needs to be filed to transfer their homeinto our name/trust. We have filed affidavit of deaths for both. Can we do this on our own or should be consult an attorney. Thanks for your time. Mary S., 7/12/2010
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Tue Jul 13, 2010 12:55 am    Post subject: Like 0 Dislike 0 Hi msemeit! Welcome to forums! It's always better to take the help of an attorney in order to get the property transferred into your trust. Sussane
Arlena Guest	Posted: Wed Jan 25, 2012 3:09 pm    Post subject: Revocable trust signatures Like 0 Dislike 0 What is the difference in signing a mortgage as "settlor" or as "trustee"
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Thu Jan 26, 2012 1:40 am    Post subject: Like 0 Dislike 0 Hi Arlena, The concept of trustee is important in case of a deed of trust. If the note is paid as agreed, then the trustee's job is to re-convey the property title to the borrower. If the borrower does not pay, the trustee holds the power of sale. However, I haven't heard about the term mortgage settlor. _________________ Procrastination is the enemy of your financial success

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