Question

How do I transfer my vacation home to a trust?

Answer

Transferring a vacation home to a trust typically involves retitling the property in the name of the trust, updating your deed, and notifying your mortgage lender and insurance company. The process varies by state and depends on whether the trust is revocable or irrevocable. An estate planning specialist should handle the transfer to help ensure it’s done correctly and that you don’t inadvertently trigger a due-on-sale clause or lose insurance coverage.

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