Buying or Selling a Home/family trust

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Expert: - 2/8/2007


Question
I want to establish a family trust and list in it a condo that both my mother and I own (on deed).  Where do I start?  How much does this process usually cost?  Is there anything to beware of?  
I am doing this to transfer ownership of the condo to me and avoid probate if possible.
thanks
Jim

Answer
If you are not willing to spend the money with an attorney, try Legalzoom.com. They can guide you to do it the right way and it won't cost near as much as an attorney. You are doing the right thing putting your properties into a trust (revocable). I do wish you well.

Dick Dennis

Buying or Selling a Home

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Dick Dennis

Expertise

With more than 41 years as a real estate broker, I can solve most any problem presented. If I can`t, I do my research. Problems with mortgages, trust deeds, foreclosures, odd ways of conveying titles. Most any good Realtor can answer questions satisfactorily, but I answer questions that most cannot. Also, ask about my hard-copy newsletter, The Landed Gentry. It can also be sent to you via PDF.

Experience

Solving real estate problems for 37 years.

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National Association of Realtors

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Publishes The Landed Gentry, guest writer in Who's Who in Creative Real Estate, First Tuesday, Financial Freedom and many newspapers

Education/Credentials
e-Pro Realtor, Certified Distressed Property Expert, Who's Who in Creative Real Estate

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