How Do You Transfer Property Into Trust & Title Insurance?
Title insurance is almost always purchased by new property owners at the time of the purchase. However, when property owners later decide to create an estate plan that includes transferring their property to a living trust, they often neglect to update their title insurance policy to reflect the change in legal ownership. Even though you may create a living trust where you are the trustee and the beneficiary, you still need to amend your title insurance policy to reflect the trustee as the new legal owner of the property. Step 1 Draft and sign a quitclaim deed from yourself (and your spouse, if you are co-owners) to your trustee. Step 2 Have your signature notarized by a public notary licensed in your state. Step 3 Record the signed quitclaim deed in the office of the county recorder where the property is located. You will likely have to pay a small recording fee, probably around $15. Step 4 Contact the title company that issued you title insurance at the time you purchased or inherite
