How Title Insurance Works
Anytime you transfer property, you must consider the title insurance implications. Title Insurance will generally being validated upon the transfer of the property. However, title insurance isn’t invalidated. If you transfer the property to a wholly owned LLC, that is an LLC that is completely owned by you, the person that also own the property, will also will invalidate it.
If you add your spouse to title for example, that’d be a transfer. But in that circumstance they’re not going to invalidate. You also can transfer the property to an inter vivos trust where you are in the settler of that trust. This is the type of strategy that we’ll be using with inside of our anonymity land trust and we start transferring properly.
My name is Scott Smith. I’m an asset protection attorney. I’m a real estate investor and I want to help. Click here to set up a consultation today!