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A California Trust Transfer Deed is a legal document that transfers real property into a revocable living trust. This type of deed is commonly used by persons who wish to transfer real property into a trust in order to pass it on to heirs without the need for probate court proceedings. The trust transfer deed includes the name of the trust, the names of the trustees, a legal description of the property being transferred, and the signature of the grantor. The deed must be signed in front of a notary public and then recorded in the county recorder’s office.

1. Start by obtaining a California Trust Transfer Deed form from your local recorder's office or online. 2. Enter the date of the transfer in the top right corner of the form. 3. In the “Grantor” section, enter the name of the person transferring the interest in the trust. 4. Enter the name of the trust in the “Trust” section. 5. In the “Grantee” section, enter the name of the person receiving the interest in the trust. 6. In the “Consideration” section, enter the consideration for the transfer, such as cash, services, or other form of payment. 7. In the “Description of Interest” section, enter a description of the interest being transferred. 8. Sign and date the form in the presence of a notary public. 9. Submit the form to the recorder's office in the county where the trust is located. 10. Pay any applicable filing fees.

The trustee of a California trust is required to file a California Trust Transfer Deed.

The purpose of a California trust transfer deed, also known as a grant deed or a deed of trust, is to legally transfer ownership of real property from one individual or entity to a trust. This allows for the property to be held and managed by a trustee on behalf of the beneficiaries named in the trust. The trust transfer deed is used specifically in the context of estate planning and is commonly used to transfer real estate into a living trust. By transferring property into a trust, individuals can avoid probate, maintain control over their assets, and ensure a smooth transfer of property upon their death. Additionally, the trust transfer deed allows for the avoidance of potential property tax reassessment, as the transfer is considered a transfer between parents and children or grandparents and grandchildren, qualifying for certain exclusions or exemptions under California law. Overall, the purpose of the California trust transfer deed is to facilitate the transfer of property into a trust, providing individuals with greater control, flexibility, and estate planning benefits.

When preparing a California trust transfer deed, the following information must be reported: 1. Identification of the trust: The trust's name, date of creation, and the name and address of the trustee(s) must be stated. 2. Property information: The legal description of the property being transferred, including the county and recording information, if applicable. The property must be located within the state of California. 3. Grantor and Grantee information: The legal name and address of the grantor(s) and the legal name and address of the grantee(s) must be included. 4. Certification of trust: The trust transfer deed should include a certification that the trust is valid and in effect, signed by the trustee(s) and notarized. 5. Assessor's Parcel Number (APN): The assessor's parcel number of the property being transferred should be listed. 6. Consideration statement: A statement indicating the consideration (or purchase price) paid for the transfer should be included. 7. Documentary transfer tax: The amount of documentary transfer tax due, if applicable, should be stated. 8. Preliminary Change of Ownership Report: If the transfer triggers a change in ownership, a completed and signed Preliminary Change of Ownership Report (PCOR) must be attached to the trust transfer deed. It's important to note that the above information serves as a general guide, and it is recommended to consult with a legal professional or an escrow officer for specific guidance and to ensure compliance with all applicable laws and regulations.

According to the California Revenue and Taxation Code Section 11932, a penalty of $20 will be assessed for the late filing of a trust transfer deed. This penalty applies for each month or fraction thereof that the deed remains unfiled, up to a maximum penalty of $200.

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