You can argue that a transfer has not taken place. You are simply recording title differently, but as the beneficiary of the trust. you are still the owner.
A few years ago, I recorded a NO CONSIDERATION DEED to transfer title from a joint ownership (I was a co-owner) to my name as a sole owner. The recording fee in Frederick County was $12.00. I can’t see that your situation is any different, and you should only have to pay recording fees – not transfer fees.
I am getting ready to do the same thing for my property in Frederick and Montgomery counties. Please E-mail me your outcome, so I will know what to expect when I transfer my property to a land trust.
Is any transfer tax paid(when the deed with the trustee’s name is recorded) on a property which has been deeded into a land trust in Maryland? The transfer tax here is very high. Also, does anyone know of any attorney in the Northern Virginia, Montgomery and P.G county(Maryland) area that understands a closing via a land trust?
Thanks for the help
TarunSaighal