If a living trust does not specifically mention the property intended to be transfered into the trust, (street number, zip code) could it be possible that the property is not a trust asset? Thank you, JC
Answer
You might search the public record at the county recorder's office and see if there was a grant or quitclaim deed transferring the property to the trust. If not, and there's no specific mention of the property in the trust, then it might not be trust property.
Answer
Real property is not trust property, regardless of what the trust says, until it is deeded into the trust by a deed to the trustee(s) as trustees.
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