Posted by WilliamGA on February 19, 2001 at 09:06:22:
Get Bill’s Land trust course, that will answer all your questions about trusts and will also provide you with all the forms to take properties using a trust. Just be sure to run them all by an atty from your state.
Title is transfered from the seller to the trust by a Warranty Deed. We use a special WD that has verbage specific to the trust and giving the trustee certain rights. You do not need a trust company to do this, or an atty even. Bill’s course will walk you through it.
The seller assigns his interest in the trust to you by a form called “Assignment of Beneficial Interest”. Yes, it is a form that has the signatures of the assignor, the assignee and the trustee and it “should” be notarized in my opinion. I don’t think that is a requirement but I always have it done anyway just as a little “CYA”. I mean, the notary is there anyway so why not? Once again, no trust company needed.