Posted on: 22nd May, 2010 10:39 am
My mom just transferred property to me with a General Warentee deed and had it registered in the court house , tax office and mapping. She had a living trust with this property in it prior to giving it to me. When she deeded the property to me , does that revoke the living trust? and any ammendments of the living trust , if they were prior to her deeding the property to me?? She has a will , will it still stay in effect ?
Hi LD,
As far as I know, as the property was in the living trust she will have to revoke it first and then transfer the property to you. The warranty deed will come into affect during her lifetime whereas the will would come into affect after her death. Thus, the warranty deed will be given more importance in this regard.
As far as I know, as the property was in the living trust she will have to revoke it first and then transfer the property to you. The warranty deed will come into affect during her lifetime whereas the will would come into affect after her death. Thus, the warranty deed will be given more importance in this regard.