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Reply to "Setting up a trust questions about moving home into trust"
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[quote=Anonymous]OP, ignore all the rest of this. The real issue is: is the house mortgaged or not? If it's mortgaged, it is more of a PITA to do all the paperwork (what I was told is that if the trust owns the house, the trust has to also own the mortgage). Worth $500. If you own it free and clear it's just retitling, which probably isn't worth $500. [/quote]
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