The first time you apply for homestead exemption, someone listed on the deed must complete an application form. Exemption applications must be filed with your local assessor's office.See our Municipal Profiles for your local assessor's mailing address. Trust funding documents. If you elect to establish a living trust, deeds will be prepared to transfer your real property assets to your trust. When applying for a homestead exemption, someone listed on the deed who occupies the residence must complete an application. In Georgia, you cannot simply name an RLT as the new owner in a deed. Under a trust which became irrevocable at the settlor's death in 1953, one of the settlor's grandchildren received a life estate in farm property. If any of the information changes, I will inform the Fulton County Tax Assessor Office in writing of the change in the year the change occurs. Fractional Funding of Charities' Share of Residuary with IRAs Naming Estate as Beneficiary is not a Transfer of IRD Taxable to Estate.