Wills and Trusts:

Transferring Assets

Before transferring your assets, you must decide which items you want to place in your living trust. Then locate an estate-planning attorney who can assist you with completing the paperwork for living trusts and ensure your assets have been transferred. Next, collect your bank statements, property deeds, stock certificates and titles of ownership for the estate-planning lawyer to review.

When transferring assets through a living trust, you must first make a list of all personal items that you want to put in the living trust. Sign the document in front of a notary, who will also sign the form. Your lawyer will then use a quitclaim deed to transfer the title of all real estate into the name of the trust. Finally, record the deed with the town at the local clerk’s office and pay the recording fee.