For a living trust, are houses listed in the property section if not fully paid for? For example, my Mom wants me to have her house when she passes, but she still owes on it.
Asked on 3/15/10, 4:22 pm
2 Answers from Attorneys
David Labovitz
Labovitz Law Firm, P.A.
Yes. And to actually get the house into the trust, you need to deed it into the trust.. It doesn't automatically go in the trust just because it's listed in the schedule.
Answered on 3/20/10, 4:39 pm
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Yes. No problem.
Answered on 3/20/10, 6:50 pm
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