Squirrel48
Junior Member
What is the name of your state (only U.S. law)? California
My father passed away in July 2008. He had a living trust that names me and my two sisters as trustees. One of my sisters is administering the trust.
He owns a condo that was his primary residence. The Quitclaim Deed is in the name of the trust as it was before our mother died. (i.e., it's written: John Doe and Jane Doe, Co-Trustees, the John and Jane Doe Trust dated xx/xx/xxxx; after our mother died, the trust was renamed to my dad's name but the Deed was not changed).
We are currently renting the condo to a relative although we might sell it in the next year. We have done nothing to change the ownership. So our question is:
- How important is it to change the deed over to our names?
- When should it be done?
- How do we go about doing it?
So far, as far as I know, the only implication this has had is we were not able to vote in the Homeowner Association elections.
Thank you. Any additional input would be appreciated.
My father passed away in July 2008. He had a living trust that names me and my two sisters as trustees. One of my sisters is administering the trust.
He owns a condo that was his primary residence. The Quitclaim Deed is in the name of the trust as it was before our mother died. (i.e., it's written: John Doe and Jane Doe, Co-Trustees, the John and Jane Doe Trust dated xx/xx/xxxx; after our mother died, the trust was renamed to my dad's name but the Deed was not changed).
We are currently renting the condo to a relative although we might sell it in the next year. We have done nothing to change the ownership. So our question is:
- How important is it to change the deed over to our names?
- When should it be done?
- How do we go about doing it?
So far, as far as I know, the only implication this has had is we were not able to vote in the Homeowner Association elections.
Thank you. Any additional input would be appreciated.