Placing assets in to a trust
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Discussion
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Has anyone here placed a house in a trust? I’m looking into it in CA, and it looks like if it is irrevocable, then the property is reassessed (at a likely higher value than was) – but not if it is revocable. Any insights?
Also, does the DMV need any trust docs to move a car in to a trust?
My initial trust is an irrevocable ministry trust, but I might need at least one revocable one for the house. or?
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