Real Estate Documents

Do I need to update my real estate documents when I create a trust?

When you create a revocable living trust, you'll typically need to transfer your real estate into the trust through a process called funding. This usually involves preparing and recording a new deed that transfers ownership from your individual name to your trust's name. The specific deed type varies by state, but commonly includes quitclaim deeds or warranty deeds. You'll also want to update your property insurance and tax records to reflect the trust ownership.