Correct wording for Part 2 of the PCOR when transferring property out of a Trust

[mikectm2]

Jurisdiction

California

Hello California. For the California Preliminary Change of Ownership Report ..a 2 page document that must be recorded with the county recorder's Office when a Deed is recorded i'm getting stuck on Part 2 ..which is at the top of the 2nd page. I know we select Other/please Explain ..and then there's a blank line that needs to be filled in.

I know when transferring property INTO a revocable Living Trust ..the wording on this line is " Transfer into grantors/grantees' revocable living trust in which they are the sole grantors/bene

But what about when property is not being placed into a Trust ..but rather ..being taken out of a Trust ..that has been revoked by the Creators/ Trustees ?

This looks like an Excellent Forum ..and i Sincerely hope i get an answer to this question. What EXACT WORDS

should be put on this line ( Part 2 of the California PCOR

 

[adjusterjack]

But what about when property is not being placed into a Trust ..but rather ..being taken out of a Trust ..that has been revoked by the Creators/ Trustees ?

The trust was revoked BEFORE the property was transferred out of the trust?

Yikes.

Lawyer time.

 

[zddoodah]

The trust was revoked BEFORE the property was transferred out of the trust?

Yikes.

Lawyer time.

I agree.

Also, anyone providing an answer to your question is either really dumb (if that person is licensed to practice in CA) or engaging in the unlicensed practice of law.

 

[mikectm2]

After telling your replies to a person involved with this.. i'm hearing back from this person " They'd say you have no right to take it out of the trust ..then i also said to this person 1st take the assets out of the trust ..then this person replies to me " But how when you haven't proved the trust is dissolved

I'm pretty sure this person is under a misconception. Said another way, I do believe you guys/the forum replies here ..are correct

The paper that states Trustees revoke their revocable living trust and is signed by the Trustees/ Creators
just sits in a drawer in the house. It has not been filed or recorded anywhere or exercised or even viewed by anyone in any way.


This forum is very helpful and i'm grateful for that. So help on the wording of Part 2 of the PCOR ..expressly can NOT come from anyone on this Forum who is not a CA Lawyer ..wow ..and no Lawyer is going to tell me via this Website/forum with what to write on that line i'm assumming. I would have to be their client for $400/hour

 

[adjusterjack]

The paper that states Trustees revoke their revocable living trust and is signed by the Trustees/ Creators
just sits in a drawer in the house. It has not been filed or recorded anywhere or exercised or even viewed by anyone in any way.

You need to tell those people to get a lawyer before they really screw things up.

 

[army judge]

I would have to be their client for $400/hour

If you desire legal advice, it can only derive AFTER you've hired a licensed attorney.

There is one exception, which involves convincing an attorney to represent you for charitable purposes. In the law's vernacular that becomes "pro bono" representation, as in free because he/she does it without a fee for client(s) of humble or distressed financial means to serve the public good.