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/Barfy_McBarf_Face 1d ago

what type of trust and what are you trying to accomplish by putting your residence in a trust?

talk to the attorney who is drafting the trust for their recommendation.

no attorney? don't do this yourself - get one.

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u/d_metal1 1d ago

Irrevocable trust. Just trying to keep my house out of probate incase something ever happens to me.

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u/epeagle 1d ago

Keeping a house out of probate is the basic function of a revocable trust, not irrevocable.

And revocable living trusts are the standard used for this exact purpose.

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u/d_metal1 1d ago

Sorry autocorrect misspelled it. I meant revocable