Pleasanton Trusts Attorneys

Advantages of placing your home in trust

Pleasanton, CA trusts attorneys at firms like Beverly M. Hoey counsel clients on the various forms of protection afforded by placing a family home in a trust. A trust can shield your house from claims by creditors and from lawsuits that may be brought against the individual owners. They also provide specific directions about what should happen with the house if anything happens to you. The most basic step involved in placing your house in trust is having it re-titled from yourself to the trust. Our Pleasanton living trusts attorney has extensive experience with all aspects of titling homes to trusts, and also in management of properties held by the trust.

Get the benefit of low interest rates

Trusts lawyer Beverly M. Hoey is happy to assist clients who want to take advantage of the current record low mortgage interest rates by refinancing their homes. Refinancing at the time you place the home into trust is particularly convenient, but it is also possible to refinance even if your home has already been in the trust for some time. In either case, a trusts attorney from our office in Pleasanton stands ready to guide you through the process.

Refinancing when the trust is created

When you are creating the trust and considering placing your home into trust, you naturally want to set that up so that you get the maximum benefit from the arrangement at the lowest cost. So it is a smart move to check out current interest rates that are available. If you are in the position to gain from a refinance, this is a great time to do it. In Pleasanton, trust attorney Beverly M. Hoey can help you coordinate the arrangements. We regularly advise and assist our clients as they go through steps that include:

• Contacting a mortgage broker offering preferred rates to discuss fees and determine what documentation will be necessary.
• Completing the trust document before refinancing. The mortgage broker of company will need a copy of your trust document, possibly only the title and signature pages. Our Pleasanton trust attorney will advise you against giving them the original document under any circumstances.
• Using the name of the trust as the owner on the mortgage application.
• Ensuring that the correct date of the trust is used, to avoid any possible loopholes in the protection your trust will provide.
• Inspecting the title given to you at the time of closing to ensure that your trust is correctly specified as the owner.
• Checking your first mortgage statement to make sure that it correctly reflects the name of your trust. Notifying your lender immediately if this is not the case. You may have to send them a copy of the title and signature pages to correct this.

Refinancing a house already in a trust

When you want to refinance a house that is already in your trust, you can get all the help you need from seasoned trust attorneys in Pleasanton. We work with the title company to prepare a deed from you as trustee(s) to you as an individual (or to you and your spouse as individuals) at the time of the refinancing. Afterwards, we will ensure that the title company deeds the property back into the trust.

For assistance with refinancing your house into a trust, visit our trusts attorney at Beverly M. Hoey in Pleasanton.