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This is a Living Trust Property Inventory form. A living trust is a trust established during a person's lifetime in which a person's assets and property are placed within the trust, usually for the purpose of estate planning. This form allows the Trustee to record a Description of Property, Date Acquired by Trust, Value, Date Sold or Transferred so that all property held by the trust can be accounted for including the real, personal or intellectual property.
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Trust Property FAQ
When you are ready to sign a deed of trust, the parties will need to sign in the presence of a notary public.The deed of trust must then be recorded with the county where the property is located, and each of the parties (the trustor, trustee, and lender) should keep a copy of the recorded document.
Trusts aren't recorded anywhere, so you can't go to the County Recorder's office in the courthouse to ask to see a copy of the trust. However, if real estate is involved, the trust may be recorded in the local office of the county clerk.
Can a Trust hold title to Real Property? No. The Trustee holds the property on behalf of the Trust.
A Certificate of Trust is recorded in the Official Records of the county in which any trust real property is located. It aids in clearing title to the property. Generally, where the trust owns no real property, there is no need to record a Certificate...
Store your living trust document where you keep important papers such as your will or durable power of attorney. A fireproof box in your home or office is fine.
Under California law (Probate Code section 16061.7) every Trust beneficiary, and every heir-at-law of the decedent, is entitled to receive a copy of the Trust document.By the way, Trusts are not recorded anywhere. That means you cannot go to the County Recorder's office and ask to see a copy of the Trust.
Gather identifying documents.
Determine whether the trust is irrevocable.
Ask the trustee for a copy of the trust.
Send a certified letter to the trustee.
File a petition with the probate court.
Step 1 Obtain The California Deed Of Trust Form For Your Use.
Step 2 Determine And Present Where This Deed Must Be Returned.
Step 3 Report The Assessor's Parcel Number.
Step 4 Record The Effective Date Of This Deed.
Step 5 Produce The Debtor's Identity As The Trustor.
In California, a trust does not have to be recorded to be legal unless it holds title on real estate. If a trust does not hold title on real estate property, all assets held in the name of the trust are kept private.After the trust grantor dies, the trustee distributes all the trust's property to trust beneficiaries.
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