answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can you put property in one state into a trust if you live in another state?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

You live in North Carolina and have property in Maryland Would you need to have a lawyer in Maryland to handle your will or trust?

I don't know specifically about NC or MD, but you shouldn't need an MD lawyer. However, if you have real property in MD, you might need an MD attorney to handle retitling the real property by conveying it to your trust or to your heirs after your death. ==Clarification== States have statutory provisions for the allowance of a foreign will when the decedent died in one state owning property in another. An executor must be appointed in the state where the land is located in order to transfer the title to the property. If the real property has been transferred to a trust the provisions of the trust MUST meet the requirements for a valid trust in the state where the land is located. If the trust isn't valid in the state where the land is located, title remains in the trustor and the estate of the trustor must be probated in order to transfer title. If the trust is valid the trustee can transfer the property even if it is in another state. You should seek the advice of an attorney to help with your estate planning.


Can a settlor transfer property to trustee for the settlor and trustee?

Yes, a settlor can transfer property to a trustee for the benefit of both the settlor and the trustee. This is known as a self-settled trust, where the settlor retains some level of interest or benefit in the trust assets while also creating a trust for another beneficiary, such as the trustee. However, self-settled trusts may have restrictions or be subject to specific rules depending on the jurisdiction.


Can a wife execute a quitclaim deed without her husband's signature if her name is the only name on the deed?

This is fraud, the deed is not valid and the wife has committed a crime. The husband should notify the holder of the deed (in writing) that the signature on the deed is not his and that the deed is not valid. Signing another person's name when you do not have the legal capacity to do so is forgery.


Does the state i live in divorce laws applied to me if i was married in a different state?

The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.The state divorce laws apply wherever you file for divorce. However, if you file in a separate property state and if you own property in another state that follows the law of community property, the property in the community property state will be divided as community property.You should consult with an attorney who can review your situation and explain your rights and options.


Can a homeowner pull a permit for his house and do the work to it even if they live in another state?

If they own the property upon which they are working it should make no differnece as to their home state of residence.


You live and work in one state and have a rental property in another state. Do you have to file a tax return in the other state?

Yes the state where the source of the rental income is from wants some income tax on that rental income that you have received from the nonresident state. A nonresident state income tax return will have to filed with the state where the rental property is located.


When the deed is in her name can it be assumed it's her sole property?

Generally, yes. However, if you live are married and live in a community property state your spouse may have rights in property. If that is the case, you need to consult with an attorney who is familiar with community property law in your state. In a separate property state, a married person can own property in their own name.


If you live in Florida should your will be filed in Florida or could it be filed up north where you used to live?

Where you live now (or rather, where you die). If you own property in another state, it wouldn't be a bad idea to file a copy in the county the property is located in. The will only has to be probated in one estate.


Can your husband transfer a property to someone else without your consent?

That depends on details such as the laws in your jurisdiction, who owns the property and whether you live in a community property state.That depends on details such as the laws in your jurisdiction, who owns the property and whether you live in a community property state.That depends on details such as the laws in your jurisdiction, who owns the property and whether you live in a community property state.That depends on details such as the laws in your jurisdiction, who owns the property and whether you live in a community property state.


Can my immigration co signer live in another state?

Yes, your co-signer can be live another state.


Can someone suing you go after a property that is titled to your wife?

Yes, if you live in a community property state.


If your name is not on the deed do you have a share in the property?

Yes. If you are on the deed and also signed the mortgage you are the co-owner and you have the right to the use and possession of the property. You are also responsible for paying the mortgage in full if the person you "co-signed" for stops paying it.