How to Add a Property to a Trust

Adding a Property to a Trust

Adding a property to a trust is a strategic move that offers many benefits. It can provide asset protection as well as advantages around estate planning. Whether you’re a first-time home buyer or a real estate investor, you should learn about trusts. This guide will walk you through a step-by-step on how to add a property to a trust.


The Basics of Trusts

Before we dive in, let’s first understand what a trust is. It’s a legal entity that holds assets for entities and individuals alike. Beneficiaries are those for whom the trust is holding the assets. There are a few types of trusts, including revocable trusts and irrevocable trusts. Each has its advantages. It’s crucial to understand the type of trust that suits your needs before proceeding. Learn more about trusts and its tax benefits.


Select the Appropriate Property

After you choose the trust that aligns best with your goals, next is selecting the property. This is usually real estate but could also be personal property or other assets. There could be a degree of research to check your asset’s eligibility in a trust. If there are any implications, it’s best to consult a professional.


A Legal Professional

Adding a property to a trust involves intricate legal procedures. So again, don’t be afraid to seek advice from an experienced attorney. A legal professional specializing in estate planning can guide you through the necessary documentation. They will walk you through the steps to ensure a seamless process.


Amend the Title

You’ll need to amend the property’s title to transfer ownership to the trust. This typically involves preparing a new deed that reflects the change in ownership. The property’s title should now include the name of the trust as the owner.


Tax Identification Number

The trust will often need its own tax identification number for reporting purposes. This step is essential for tracking financial transactions and adhering to tax obligations. Consult your attorney or tax advisor to obtain the necessary tax identification number.


Update Insurance & Beneficiaries

Don’t overlook the importance of updating your insurance policies to reflect the trust as the property owner. Review and update the beneficiaries listed in the trust documents to ensure that your wishes align with the current situation.


Record the Transfer

Depending on local regulations, you may need to record the property transfer with the appropriate government agency. This step helps legitimize the change in ownership and provides a clear record of the property’s transition to the trust.


Notify Relevant Parties

Inform all relevant parties about the transfer of the property to the trust. This includes tenants, property management companies (if applicable), and any financial institutions associated with the property. Clear communication ensures a smooth transition without disruptions.


Proper Documentation

Keep all trust and property transfer documentation organized and easily accessible. This includes trust agreements, property deeds, tax records, and communication with the professionals involved.


Review & Update

Life circumstances and goals change over time. It’s essential to periodically review your trust documents and the assets held within the trust. Regular updates ensure that your trust’s structure aligns with your current objectives.



Adding a property to a trust requires careful planning and legal expertise. By following the steps outlined in this guide, you can navigate the process and enjoy the benefits of a trust.  There are more tax benefits trusts can offer, but we cover that in this blog. If you have any follow-up questions about adding your property to a trust reach out to me!


Have a question? Email Brenda