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About this document:
Protecting your assets by transferring them to a family trust can be a smart move. The way to transfer real estate is by the Settlors (the people who have set up the trust and currently own the property) selling their house to the Trust and its trustees. You will need an agreement of sale of property to a trust to do this.
Before getting started, you’ll need to know:
- the address of the property and the full names of the current owners;
- the names of the trustees and the date the trust was set up;
- the current value of the property (you can use an e-valuer from QV to help with this!); and
- an idea of how the purchase price will be settled (whether by mortgage, gifting, or a bit of both).
Interview time:
We’ll have the document generated for you in under 10 minutes.
Sections:
- Sale and Purchase
- Purchase Price
- Settlement Date and Possession
- Trustees Liability
- Interpretation
Document type:
Word Document
Length of document:
Approximately 2 pages long.
Additional information:
You'll also need resolutions recording the trustees decision to transfer property. You can buy these resolutions tailored to your circumstances in the Marketplace.
This interview will generate a document based on the information provided by you. It does not and is not intended to represent legal advice or the practice of law (even if the information you input is based on suggestions or tips provided by us).
Please note: if you want professional assurance that this template and your interpretation of it is appropriate to your particular situation, we recommend that you consult with a lawyer authorised to practice law in your jurisdiction.
