Talk of The Villages Florida - View Single Post - Living Trusts
Thread: Living Trusts
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Old 10-01-2020, 08:17 AM
gpk111 gpk111 is offline
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Originally Posted by msu69er View Post
My wife and I are also Michigan residents. We set up Revocable Living Trusts in 1995. We have amended the trusts six times since then for various reasons. In 2019 we bought in TV and are snowbirds. Our attorney told us that Revocable Living Trusts are recognized in 49 states regardless of where they were executed. This is because those 49 states are all based in English Common Law, same as US law. The other state, Louisiana, has its law based on French Common Law. Louisiana will not necessarily recognize Living Trusts written in any other state. We have the deeds to our properties in the name of both of our trusts. Hope this helps.
MSU: Thanks for the education. I assume the trust was originally created in Michigan?

Also, when you say "We have the deeds to our properties in the name of both of our trusts," I assume you mean that both properties are in your SINGLE trust. ...or did you creaye two trusts?