California. Creators of a Revocable Living Trust have decided to revoke this trust. The only asset is a single family home. Does this asset need to be taken out of the trust before the trust is Revoked ? Does this asset need to be taken out of the trust before the trust is revoked with a signed and dated and notorized document ..which states creators revoke this trust ?
The home is taken out of the trust by transferring title on the home. This is done by recording a new deed with the County Recorder where the trust creators are the grantors on the deed ..and they deed the home back to themselves as joint tenants
We spoke with someone at our County's recorders Office over the phone yesterday. They said to also submit, to be recorded, the document that creatros signed revoking their Trust. I am clear on that. Doesn't that seem to suggest ? I realize employees at the Recorder's Office can not give legal advice
The home is taken out of the trust by transferring title on the home. This is done by recording a new deed with the County Recorder where the trust creators are the grantors on the deed ..and they deed the home back to themselves as joint tenants
We spoke with someone at our County's recorders Office over the phone yesterday. They said to also submit, to be recorded, the document that creatros signed revoking their Trust. I am clear on that. Doesn't that seem to suggest ? I realize employees at the Recorder's Office can not give legal advice