Quit Claim Deed

DaphneM · #1 Jan 16, 2007, 10:44 PM

I reside in Fl. My mother had a Living Trust, in Fl as well. In the trust it clearly states that I am to receive her house. She passed away in June. I filed the Quit Claim Deed that came with the Living Trust. The county mailed back the appropriate paperwork. The house is now in the name of her trust. The trustees are my sister and my brother. I am confused. Is the house legally mine now or does it belong to my sister and brother? Can I secure a home equity loan based on the deed being in the name of the trust? Is there something else I need to do to get the house in my name and not in the trust's name. Thanks.

realestatekelly · Feb 25, 2007, 08:40 AM

Quote:

Originally Posted by DaphneM

I reside in Fl. My mother had a Living Trust, in Fl as well. In the trust it clearly states that I am to receive her house. She passed away in June. I filed the Quit Claim Deed that came with the Living Trust. The county mailed back the appropriate paperwork. The house is now in the name of her trust. The trustees are my sister and my brother. I am confused. Is the house legally mine now or does it belong to my sister and brother? Can I secure a home equity loan based on the deed being in the name of the trust? Is there something else I need to do to get the house in my name and not in the trust's name. Thanks.

the trustee is not a beneficiary, necessarily



At Ask Me Help Desk you can ask questions in any topic and have them answered for free by our experts. To ask questions or participate in answering them you must register for a free account. By registering you will be able to: Get free answers from experts in any of our 300+ topics. Accept money for answers that you provide. Communicate privately with other members (PM). See fewer ads. Sign Up!