Northern District of Illinois - CM/ECF LIVE, Ver 6.2.1 - Recent Entries

LoanSafe's Mortgage & Real Estate Forum

Sunday, February 3, 2019

Last Will vs Living Trust.


The deed of trust is a document provided by your original mortgage lender to secure its interest in your property by placing it into a trust. Because the deed of trust serves as evidence of debt, is cannot be transferred into another individual's name, such as a granddaughter. However, you can use a deed to transfer the property you own into a trust to which your granddaughter is the beneficiary of.

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