Transfer Your House to Trust: Legal vs. Equitable Ownership Explained
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Transfer Your House to Trust: Legal vs. Equitable Ownership Explained
When you transfer your house to a trust, there are two types of ownership: legal title (the trustee) and equitable ownership (the beneficiary). Think of it as holding the car keys (legal title) vs. getting to drive the car (beneficiary). You're simply changing which "hat" you're wearing.
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