Q: How to transfer a house into a Revocable Trust in NY?
I want to transfer my house into my already established Revocable Trust. Since the lawyer who created my trust has retired, I'm wondering if I can complete the process without hiring a new attorney. If it is necessary to hire a lawyer, what should I expect in terms of costs?
A: Real simple. Just prepare a transfer deed putting it into the name of the trust and record that, after you have just listed the address and property into the existing trust document under assets protected, and notarize that change. Or I can prepare the paperwork for you for $100. I recommend saving the money. Thanks. garyleelane1@gmail.com
Lawyers, want to be a Justia Connect Pro too? Learn more ›
- New York
- (646) 775-3455
- View Profile
- Answered
A: I would not recommend doing this yourself. Depending upon the county where the house is located, you will have to file various transfer documents with the deed. You must also make sure to identify the Trust using the name of the Trustee(s). Usually, there will be a paragraph in the Trust Agreement indicating how the Trust should be identified. Some counties will require you to file a copy of the Trust Agreement or a Certification of Trust. I charge a flat fee of $750.00 to prepare the Deed and transfer documents. Filing and recording fees will be additional and vary from county to county.
Justia Ask A Lawyer is a forum for consumers to get free answers to basic legal questions. Any information sent through Justia Ask A Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between Justia and you, or between any attorney who receives your information or responds to your questions and you, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask A Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises, or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
