Posted on: 20th Mar, 2009 01:28 pm
If you record a IGD with " A transfer to a trustee for the beneficial use of a spouse, or the surviving spouse of a deceased transferor, or by a trustee of such a trust to the spouse of the trustor" (checked) Will the property be transfered to the spouse even if the property is held in a revociable living trust by the Grantor.
Hi eander,
If the grantor holds the property in a revocable living trust and wants the property to go to the surviving spouse after his/her death, he/she needs to mention the spouse as a successor trustee or a beneficiary in the trust. This will transfer the property to the surviving spouse after the grantor/trustor's death.
If the grantor holds the property in a revocable living trust and wants the property to go to the surviving spouse after his/her death, he/she needs to mention the spouse as a successor trustee or a beneficiary in the trust. This will transfer the property to the surviving spouse after the grantor/trustor's death.