Can a piece of real estate be deeded to and owned by a revocable living Trust which is domiciled in another state?
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Can a piece of real estate be deeded to and owned by a revocable living Trust which is domiciled in another state?
Asked on May 7, 2018 under Estate Planning, Kentucky
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 5 years ago | Contributor
Yes, this can be done. Every state will recognize trusts legally and properly created in other states. Since state A will recognize state B's trust, that trust may own property in state A, the same way that a person or LLC or corporation domiciled in state B may own property in state A. You probably want the help of a real estate attorney from the state where the property is located just to make sure than any necessary registration and recording formalities are complied with, and that the trust properly authorized (e.g. by its trustee) the transaction.
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