TrustSmiths.com (818) 949-0100
Servicing The Greater Los Angeles Area
including La Canada, Arcadia, Burbank, Glendale, Los Angeles, Pasadena, Redondo Beach,
San Marino and Santa Clarita
ROBERT K. SMITH, ATTORNEY
A Living Trust is utilized to reduce the cost and time delay involved in transferring assets to beneficiaries after a property owner's death, which very often involves real property such as a residence. In order to effectively implement a Living Trust estate plan it is imperative that the legal title to real property be changed from the name(s) of the individual(s) owner(s) to the name of the Living Trust. A Trust Transfer Deed or Quitclaim Deed is the document used to change title of real property to the Living Trust. It is not uncommon to name the orginal trustees as well as the Living Trust in the Quitclaim Deed so that the former individual owners are identified as new trust owners, for example, "John Smith and Mary Smith as Trustees of the Smith Family Trust." Since the former individual owners retain the same legal ownership rights they had before establishing their Living Trust, there is no change in true ownership rights when the legal title is changed over to the Living Trust (as a device to avoid probate).