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Updated almost 11 years ago on .

User Stats

161
Posts
27
Votes
Arcinio Arauz
  • Wholesaler
  • Atwater, CA
27
Votes |
161
Posts

Living trust question

Arcinio Arauz
  • Wholesaler
  • Atwater, CA
Posted

My friend's grandmother wants to protect her assets. She owns two homes with small mortgages. I was told that transferring the properties into a living trust is the best way to go. I think she applied for medi cal and does't want to show that she owns these properties as thus she may not get approved. Would having the homes in a trust help her? Also...

1. How do we transfer title into a trust?

2. What are all the docs needed other than the trust document itself?

3. Do we need to open a bank account for that trust?

4. What is the turn around time and cost or can we do it ourselves?

5. Does the grantor and all trustees need signatures notarized?

Thanks for your help