DeleteMe (From the Internet)

[QuarterMillionMan]

Putting a home in a trust is sound advice by ua_guy. All it takes is a 1-page document called a Quit Claim Deed and you no longer own the home. in addition, to avoid probate should 1 partner die the other can be named as successor trustee which makes things easy transferring the estate. In 1999, I bought a 1 bedroom condo in Hawaii as the sole owner. Around 2014, I worked with Bank of Hawaii, the mortgage lender to put the property into a trust which I recall signing the Quit Claim Deed. It had cost about $500 but gave me peace of mind and worth it. In the end though I decided to sell the property in 2020 which went smoothly. I thought the trust would complicate things but I had all the documents so it was easy-peasy. Received a check for escrow for $245,000 (biggest check in my life)