Posted on: 20th Dec, 2009 02:41 am
If you have an existing Revocable Living Trust and Will in one state and you buy property in another state adding that property to the existing RLT are there additional steps that need to be taken to change the trust to the new state?
Thanks
Thanks
Hi califmimist,
You will have to check out your trust documents to find out whether or not it permits new addition. If it permits new addition, then you will have to remove the current trust schedule from the trust document and add a new one listing all the properties that you wish to add in your living trust. If you're adding a real estate to your trust, make sure to record the property deed at the county recorder's office.
You will have to check out your trust documents to find out whether or not it permits new addition. If it permits new addition, then you will have to remove the current trust schedule from the trust document and add a new one listing all the properties that you wish to add in your living trust. If you're adding a real estate to your trust, make sure to record the property deed at the county recorder's office.