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want to sell my house but it is in a trust any thing i need?

Asked By Steve N. | El Sobrante, CA | 621 views | Finance Legal Info | 2 years ago
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Novice
1 Answer
Kenny Truong

eXp Realty of California, Inc.

(60)

Hi Steve, if you are the trustee of the trust then you should have the authority to sell the property. If there are multiple trustees then all those who have the power to sell the assets of the trust would need to sign off on the sale. Im happy to have someone reach out to you to review your trust and see what is necessary to sell.
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Semi-Pro
83 Answers
Marty & Abby Champagne

RE/MAX Market Place

(33)

You will need to have the POA papers.

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Rising Star
26 Answers
Lindsey Stansbury

EXIT Real Estate Property Solutions

(6)

Hi Steven, you will want to check with a real estate attorney in your area to be sure that the laws are the same as you expect. Recently I was the Realtor on sale in which the house was in a trust. I am in Florida and only the Trustee needed to sign off on the sale. It may be the same for you. Would you like me to connect you with a local Realtor in El Sobrante, CA? I can be reached at 407-579-6453 or [email protected]
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Novice
4 Answers
Joe Castillo

Keller Williams Danville

(10)

If you are the trustee that makes your life easier when selling the property. I recommend either way that you consult with a good lawyer that specializes in Trusts. I can recommend a few if you do not have one already.
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Novice
1 Answer
Tracy Fetter

Ashby & Graff

(4)

Hi Steve, In CA, you will need the legal authority and the Representative Capacity Signature Disclosure ( RCSD-S), and the Trust Advisory (TA), or if you are not the trustor or successor trustee you will need to get a Power of Attorney from the trustor. There may also be step-up tax penalties. Please consult with your tax accountant. Depending on the situation of the trust it may have to be probated. I can recommend attorneys and help you when you are ready to sell.

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