Skip to content
×
PRO Members Get
Full Access
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime.
Level up your investing with Pro
Explore exclusive tools and resources to start, grow, or optimize your portfolio.
10+ investment analysis calculators
$1,000+/yr savings on landlord software
Lawyer-reviewed lease forms (annual only)
Unlimited access to the Forums

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Followed Discussions Followed Categories Followed People Followed Locations
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 12 years ago on . presented by

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