How to Transfer Property From a Trust to Individuals
A trust is a legally created entity designed to protect the assets of a deceased or disabled person. The trust is cared for by a trustee, and designated amounts of trust funds are distributed to beneficiaries. One of the rights of the beneficiaries is to dissolve the trust. When this happens, it is the responsibility of the trustee to properly transfer the trust's property to the individuals.
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Instructions
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Convene a meeting with the trustees to determine their preferences as to how the property should be transferred. The conventional options are either to liquidate the property and distribute the funds equally after taxes or to make each person a joint tenant on the property.
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Sell the property and pay all associated land and transfer taxes out of the funds if the beneficiaries decide to liquidate the property. Distribute the remaining money to the beneficiaries.
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Draft a deed for each beneficiary listing him as a joint tenant with the right of survivorship if he wishes to share the property. The right of survivorship automatically transfers and redistributes ownership of the property to the remaining beneficiaries should one die.
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File the deeds with the appropriate county office.
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