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The right financial Planning can help you achieve your financial goals and prepare for retirement." While I advocate for financial literacy and Senior Lives Matter as a critical tool to empower individuals
The deed of trust is a document provided by your original mortgage lender to secure its interest in your property by placing it into a trust. Because the deed of trust serves as evidence of debt, is cannot be transferred into another individual's name, such as a granddaughter. However, you can use a deed to transfer the property you own into a trust to which your granddaughter is the beneficiary of.
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ReplyDeleteThe deed of trust is a document provided by your original mortgage lender to secure its interest in your property by placing it into a trust. Because the deed of trust serves as evidence of debt, is cannot be transferred into another individual's name, such as a granddaughter. However, you can use a deed to transfer the property you own into a trust to which your granddaughter is the beneficiary of.
ReplyDelete