Who owns what? Trusts, joint tenancy and more…
I know many of you have recently refinanced your houses, and this can affect your trust, albeit temporarily. Very often – but for no good reason – a lender will ask you to remove your house from your trust before you refinance, placing title back in your name as an individual or married couple with a recorded deed. Some lenders will do this for you. Others will send you to an attorney to do this and I have recorded many such deeds in recent years. The trick is to make absolutely sure that when the refinancing process is complete, your house is retitled back in your names as trustees of...
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