North Conway, NH asked in Estate Planning for Maine

Q: I want to establish a living trust. I have a home in NH and a home in ME. Do I need to record the trust in both states?

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2 Lawyer Answers
Fred Bopp III
Fred Bopp III
Answered
  • Yarmouth, ME
  • Licensed in Maine

A: The short answer is yes. Whether you should use a living trust or some other form of ownership to hold the property is a separate question, the answer to which will depend on your circumstances and what you are trying to accomplish.

Nina Whitehurst
Nina Whitehurst
PREMIUM
Answered
  • Estate Planning Lawyer
  • Crossville, TN

A: The trust itself is not recorded anywhere. Privacy is one of the advantages of trust-based estate planning. You will want to record a deed in each state transferring your properties to your trust.

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