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Updated over 4 years ago on . Most recent reply
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Revocable living trust
While I was researching a home I found while driving for dollars I came across this odd thing. I was looking up public info about the house and when I look to see where the owners live, to determine if they are absentee owners, there is ths "revocable living trust" label in the address. The owners live at the address of the house, owner occupied. This is what the address label looked like
Last Name, Guy & Gal
Revocable Living Trust
123 main St.
my question is, why would this be in the county records like this? I understand that a revocable living trust is an insurance plan/ investment. Why would this type of information be part of a public record and does this change anything about me making an offer to buy the house? Its just an odd thing I haven't seen before and I'm curious if anyone has any info as to why this is listed.
Most Popular Reply
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A trust like that is not an investment or insurance, it is a tool for the owners to avoid probate for their heirs when they die, this is very common, you found an owner occupied house with people smart enough to plan for their heirs, nothing unusual.