Juan C. Antúnez, in his Florida Probate & Trust Litigation Blog, discusses what is the right way and the wrong way to deed property OUT of your revocable trust. His article begins as follows:
Deeding property “into” and “out” of trusts is the kind of bread and butter work trusts and estates lawyers do all the time. But just because deeds-to-trust are commonplace, doesn’t mean you don’t have to sweat the details. Skip the basics of F.S. 689.07, and the property you thought was going into your trust will instead find itself in the middle of someone else’s lawsuit.
On the other hand, ignoring the formalities of your trust agreement can just as easily get you into trouble on the way out. In one case a surviving widow found herself embroiled in almost a decade of litigation that all started because of her husband’s failed attempt to deed a condo unit out of his revocable trust.
To see the full article, click: What’s the right way and the wrong way to deed property OUT of your revocable trust?
Posted by David Brito, Associate Editor, Wealth Strategies Journal.