close
    1. Home
      2. ›
    2. Uncategorized
      3. ›
    3. My home was left in trust for me, now how can I simply and with least output put it into trust for my daughter?
    My home was left in trust for me, now how can I simply and with least output put it into trust for my daughter?

    Answer this
    +1  Views: 1136 Answers: 1 Posted: 13 years ago
    Tags: property trust parent to child california lowest cost
    Comment this question

      1 Answer

      Remember, first and foremost, your ownership to this house is via the conditions stipulated in the original trust.  If it states that your ownership to the house is outright, then you own it as an individual.  To leave the house in the trust for your daughter, you must create a new trust, putting the newly inherited house in said trust,  having you as a trustee, and naming your daughter as a beneficiary to the Trust.  When you die, the trust doesn't die since trusts survive death.

      13 years ago. Rating: 5
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Uncategorized category

         
        ROMOS
        Answers: 18061 / Questions: 154
        Karma: 1101K
         
        Colleen
        Answers: 47269 / Questions: 115
        Karma: 953K
         
        country bumpkin
        Answers: 11322 / Questions: 160
        Karma: 838K
         
        Benthere
        Answers: 2392 / Questions: 30
        Karma: 760K
        > Top contributors chart
        466431
        questions
        722239
        answers
        785345
        users