How to Protect your Home and other Assets with a Trust?
Simply drawing up a trust document isn't enough to bypass probate. You must legally transfer ownership of your major assets to the trust, called "funding the trust." If you want to include your house in the trust, you must sign a new deed. Likewise, ownership of stocks, mutual funds and other investments must be transferred. If you name yourself trustee, you maintain control over the property and can sell, mortgage or give away anything in your trust while you're alive. Since you technically don't own the trust, upon your death, probate will only be able to take control and administer assets in your name. Therefore your house, owned in the trusts name, will not be subject to probate. Learn more about the benefits of protecting your larger assets by placing them in a trust by calling Sagaria Law today.