The Home Title Transfer Process

By Kyle Fitzsimmons, InsuranceAgents.com Staff Writer

A Brief Introduction To Home Title Transfer

The home title transfer process is a complicated one that can’t be thoroughly explained in one article. However, we will tackle the topic in an introductory manner and encourage you to consult the advice of a legal expert after you’ve gathered some basic aspects of a home title transfer.

Chances are your home is your most prized asset. Its fate after your passing should be a priority while you’re still living and a home title transfer ensures that your home falls into the right hands after you’ve passed on. If you don’t want your home to fall in the hands of the federal government or squabbling distant relatives then you should look into the home title transfer process while you’re still alive.

Note: You should inform yourself about the pitfalls of the home title transfer process as well as the importance of home title insurance in preventing those pitfalls because there are a number of forces that can make your home title transfer process a difficult one.  Most home agents carry various policy types, so gathering free home insurance quotes online and discussing options with your agent is a good idea. Start comparing quotes using our free online quote service.

Fundamental aspects of a home title transfer:

• The Trust – This is the individual you are transferring your home title too once you’ve passed on. You should do this while you’re still alive to avoid a costly probate case amongst your family members.
• The Trustee – This is usually you, the current homeowner. The trustee is responsible for managing the assets (your home) of the trust. Basically, you are holding the home until it changes hands to your trust.

Handle The Home Title Transfer Yourself

It’s been said that if you want something done right you should do it yourself and the home title transfer process is no exception. If you don’t want your family to go through the headache of a probate process in court after your death and if you don’t want your house to fall into the hands of the federal government after your death then simply sign the home title transfer while you’re still alive to the trust of your choosing. However, before doing so you should consult the advice of a legal counsel to be sure you are making the right decision for your specific situation. Start comparing offers from local agents and get up to 5 quotes.

Published: Monday 21st September 2009