What To Do When Transferring Rental Property To A Trust
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Here’s how to put your house into a trust in 3 simple steps. and protect it literally from everyone. Step 1. Create the trust. Sign it. Notarize it. Activate it. And open the trust bank account. That’s how It become real and official. Step two sell your house to your trust at your cost basis. That means if you pay $200k for it You sell it for $200K, no profit, no capital gains, no taxes. The trust gives you the demand note and you record a quick claim and General warranty deed. Now the trust on
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