How to change beneficiary of Deed of Trust

[Sara Lung]

My mother and I sold a property we jointly own, and took back a loan in the form of a Promissory Note and Deed of Trust. The borrower is paying the note on time every month. Now my mother wants to move the note and Deed of Trust to be only in my name before she passes away. What's the simplest way to do this?
Thanks.

[Steve Babiak]

Bill Gulley - put your reading glasses on :)

They have a note and DOT, not deed.

Whatever you do, there could be tax implications, so consult your tax professional before doing anything.

One simple approach is an assignment, from both of you to just the one party. The assignment would be recorded with the county.