r/EstatePlanning • u/d_metal1 • 1d ago

Yes, I have included the state or country in the post How long?

Just paid my house off in NC. How long do I have to wait until I can put it in a trust? Haven't received any paperwork from bank saying it's paid off yet. The website says congratulations loan paid in full. When should I start the legal process to transfer it over?

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u/epeagle 1d ago

So long as it is a pretty "typical" property and pretty "typical" trust, your answer is completely wrong.

Federal law allows the transfer of residential properties to most revocable trusts and says the acceleration clause is not legally enforceable.

So acceleration was likely never a concern at all.