Talk of The Villages Florida

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-   -   Living Trusts (https://www.talkofthevillages.com/forums/villages-florida-non-villages-discussion-93/living-trusts-311552/)

retiredguy123 10-02-2020 09:05 AM

Quote:

Originally Posted by rjm1cc (Post 1841790)
I agree the problem may not be the law but the title company's procedures. That is why you need an attorney that knows this area of the law for the state you are in.

I agree. I would not try to make any deed changes without asking an attorney about the legal consequences, especially if I didn't fully understand them.

I am often shocked to find out that a friend or acquaintance owns a legal, financial, insurance, or investment product, and they have no idea what they purchased. I don't buy anything without asking a zillion questions.

manaboutown 10-02-2020 06:25 PM

Quote:

Originally Posted by rjm1cc (Post 1841790)
I agree the problem may not be the law but the title company's procedures. That is why you need an attorney that knows this area of the law for the state you are in.

At times how this type of title issue is handled can vary from county to county or even be unique within a city. I would never dream of changing a title in any manner without consulting an attorney well versed in local practices of this nature.

SacDQ 10-03-2020 07:25 AM

I had a living trust in another state that had to rewritten to comply with Florida laws. Check with your attorney on the best path forward.

rjm1cc 10-03-2020 11:23 AM

Quote:

Originally Posted by SacDQ (Post 1842159)
I had a living trust in another state that had to rewritten to comply with Florida laws. Check with your attorney on the best path forward.


What were the key factors? Other than titling of a home for homestead qualification I can not think of any?

retiredguy123 10-03-2020 11:38 AM

Quote:

Originally Posted by rjm1cc (Post 1842252)
What were the key factors? Other than titling of a home for homestead qualification I can not think of any?

I wondered the same thing. If you have a competently prepared trust and a good, dependable trustee, the trust should be executable in any state. Hopefully, the State of Florida will have no involvement in executing the terms of the trust. A will is a different matter.


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