Irrevocable trust

[lkrapf]

What is the name of your state (only U.S. law)? New York

My step father is drafting an irrevocable trust where I am named the"trustee". Does his home automatically transfer to this trust upon signing document or does he have to contact his mortgage to change title on the deed?What is the name of your state (only U.S. law)?

 

[anteater]

What is the name of your state (only U.S. law)? New York

My step father is drafting an irrevocable trust where I am named the"trustee". Does his home automatically transfer to this trust upon signing document or does he have to contact his mortgage to change title on the deed?What is the name of your state (only U.S. law)?

Ahhhh... That edit makes it more understandable.

No, it does not automatically transfer to the trust. And title and mortgage are two different things.

My step father is drafting an irrevocable trust.....

I hope that you do not mean this literally. This is not a do-it-yourself project.

 

[lkrapf]

He has a mortgage. What is the process to transfer to the irrevocable trust?

 

[tranquility]

As answered in duplicate thread, you get an attorney to advise you before doing such complicated and irrevocable things.