TeriH
Employee Tax Expert

Retirement tax questions

The main benefit of putting your home in a trust is that it bypasses probate court after the original homeowner (grantor) dies. That means ownership of the home can be transferred more quickly, and more privately. “If a homeowner puts their home in a trust, then upon their death, the successor trustee will have the legal authority to sell the home without having to file in probate court,” Cutler says. “Probate court can cost thousands of dollars and may take more than a year to complete, so putting your home in a trust is a great way to avoid all of that.”

Be it a trust or a will, the point i was trying to make was the transfer of ownership is at death.  Not before and not a gift. 

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