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Reply to "Living Trust and Will - any recs or things we should remember or include/think about? "
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[quote=Anonymous][quote=Anonymous]Can you retitle a house into a trust if it still has mortgage? What about renal property: if it has business license, change of ownership would trigger need to obtain new business licenses. Right? [/quote] For a revocable trust, you can transfer the house without triggering any changes to the mortgage. Irrevocable trusts are more complex, but if you have enough money to need an irrevocable trust, you probably don't have to worry about mortgages. (I don't know about the rental property business license.)[/quote]
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