Answers.com > Wiki Answers > Categories > Business & Finance > Real Estate > How put real estate into a trust?

How put real estate into a trust?

Answer:

You either have a lawyer draw one up and then you deed the property to the trustee, or you can hire an "institutional" trustee like an investment bank, sign their form of agreement, and deed the property to them as trustee. Either way you need an acceptable trust agreement that is valid under your state laws.

Trust law is one of the most complex areas of law. A trust should be drafted by an attorney who specializes in trust and tax law so the trust meets both the needs of the trustor and the requirements of the law. An improperly drafted trust can be costly to correct down the road, if it can be corrected at all.

First answer by Messdad. Last edit by Messdad. Contributor trust: 16 [recommend contributor ]. Question popularity: 1 [recommend question].

[report abuse]

Can you answer these Real Estate questions?

	What are the guidelines regarding real estate or personal property tax exemptions for disabled persons living in Arkansas?	Answer it!
	How does a short sale work?	Answer it!
	Can my wife insure her house under my name without me knowing?	Answer it!
	What is real estate marketing?	Answer it!
	What is the attorneys job in the court of law?	Answer it!

Relevant answers:

How remove real estate from a trust?
You need to review the provisions in the document that created the trust to determine if the trustee has the authority to sell or transfer real estate. The trustee holds title to the trust property....
Can a trust be listed as the seller of real estate?
If a Trust is the registered owner, then it would also be the legal seller.
Can you put a real estate sign on an easement?
no
What can you do with a real estate license without a real estate broker?
In most states you are required to place your license with a broker before you can start practicing real estate, so you wouldn't be able to do anything with it except say that you have one
If real estate owned by a trust is sold what happens to the proceeds?
You need to review the language in the document that created the trust. It contains all the provisions that govern the trust property and the powers of the trustee. The trust must recite a provision...