My Parents did a Living Trust and when Dad Passed Away EVERYTHING Transferred over to Mom: House and Land, All Insurance, All Banking and Credit Union stuff, Vehicles, etc.
There was a Ring Binder setup by the Lawyer and all We had to do was show the applicable pages to whoever was on the other side of the counter or desk and the transfer was done within a few minutes.
For example Mom gave Me Dads car and the land (a single Lot approximately .5 acre) and it took place at the County Tax Office in a few minutes, filling out forms and Signatures. Done, no fees or transfer costs.
The House and that Land went right over to Mom.
The Bank and Credit Union was done in a few minutes as well.
Utilities, just a phone call and a fax or two. Done.
This was in Texas but I don’t think it makes much difference where one is located.
I hope that this information is helpful to You.
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What Is a Living Trust?
A living trust provides lifetime and after-death property management. If you are serving as your own trustee, the trust instrument will provide for a successor upon your death or incapacity. Court intervention is not required.
Livings trusts also are used to manage property. If a person is disabled by accident or illness, the successor trustee can manage the trust property. As a result, the expense, publicity, and inconvenience of court-supervised distribution of your estate can be avoided.
If a living trust is properly written and funded you can:
Avoid probate on your assets
Plan for the possibility of your own incapacity
Control what happens to your property after you are gone
Use it for any size estate; and
Prevent your financial affairs from becoming a matter of public record
I almost forgot to tell You this.
Land and Buildings on it can be Transferred with what is called a Quit Claim. One or two pages of information and Signatures. Done deal no transfer fees or sales taxes.