Like many other assets, it’s absolutely critical to transfer them into the name of trust to gain the benefits of the estate planning provisions you have included in that document.
- Real property requires a new transfer deed for each property.
- Each deed must then be filed with the County Recorder’s office where the property is located.
- Each deed filing should include a Preliminary Change of Ownership report, or PCOR, to avoid an additional $20 charge by the County Assessor’s Office.
As of January 1, 2018, legislation in the State of California requires all County Recorders’ offices to charge $75 on certain real estate recordings, up to a maximum of $225 for multiple filings for one transaction. This fee is NOT included in the prices above.
Recording a Transfer to Trust Deed is usually exempt from this specific recording fee mentioned above.