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Old 01-05-2016, 04:45 PM   #13
Happy Gourmand
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Quote:
Originally Posted by AC2717 View Post
can you put property that you have a note on in a trust, or more than likely have to go the note holder to see if they would allow it?
Absolutely. You and any other named trustees become responsible for the note. For example, you and your wife are trustees, you pass, the trustee, she, is responsible. There is no probate. The home remains in the name of the trust.
And yes, the bank has to approve. we have done this several times with no issues or restrictions from the banks.

Last edited by Happy Gourmand; 01-05-2016 at 04:46 PM. Reason: addition
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