Can I Sell My House if It Is in a Revocable Trust?

H2: Understanding Revocable Trusts

Firstly, let’s understand what a revocable trust is. It’s a type of legal entity created to hold ownership of an individual’s assets during their lifetime, and distribute them after their death. What makes it ‘revocable’ is that you can alter or cancel its provisions as long as you’re alive and competent.

H2: Rights and Limitations of Selling Property in a Revocable Trust

When it comes to selling a property held in such a trust, typically, as the trustor (the person who created the trust), you retain the right to sell. This is because you also usually serve as the trustee, the person who manages the trust. However, the process might involve some paperwork, as the property must be formally removed from the trust before the sale.

On the other hand, if you’re not the trustee or co-trustee, you might need to seek their permission to sell. Remember, every trust can have its unique terms, and it’s crucial to review these terms before taking action.

H2: The Role of Hess-Verdon & Associates in Trust and Estate Matters

This is where we, Hess-Verdon & Associates, come in. With our unparalleled estate planning expertise, we can guide you through the complexities of selling a house from a revocable trust. Our dependable and sophisticated trust and probate litigation services have served trustees, beneficiaries, business entities, and real estate partners for over three decades.

In estate planning, business, and commercial litigation, our track record speaks for itself. We are committed to delivering comprehensive, results-oriented legal counsel. Our extensive background in trial preparation, strategy, and presentation ensures that you’re in capable hands when dealing with delicate trust matters.

For more information or to discuss your unique situation, give us a call at 1-888-318-4430.

Summary

In conclusion, selling a house held in a revocable trust is certainly possible, but it can entail some complexities. For expert assistance navigating these complexities, you can always trust Hess-Verdon & Associates, your partners in estate planning and trust litigation.

FAQs

1. Can I sell my house if it is in a revocable trust? Yes, you typically can if you’re the trustor and trustee. However, it’s advisable to consult with an estate planning attorney to understand any potential legal complexities.
2. What is a revocable trust? A revocable trust is a legal entity created to hold ownership of an individual’s assets during their lifetime and distribute them after their death. The term ‘revocable’ means the trustor can alter or cancel its provisions while alive and competent.
3. What role does Hess-Verdon & Associates play in estate planning? Hess-Verdon & Associates provides unparalleled estate planning expertise, trust and probate litigation services, and business and commercial litigation. With over three decades of experience, they help trustees, beneficiaries, business entities, and real estate partners navigate complex legal matters.
4. What is the process of selling a house from a revocable trust? While the trustor (and typically trustee) can sell the property, it usually involves removing the property from the trust before the sale. This process can require some paperwork and may have unique terms depending on the specific trust.
5. How can I contact Hess-Verdon & Associates? You can contact Hess-Verdon & Associates by calling at 1-888-318-4430 for expert advice and guidance on your estate planning and trust litigation needs.