Placing Primary Residence in Living Revocable Trust

[Mark S.]

Hey Guys,

I would like to place my primary residence into a revocable living trust in order to avoid probate in the event of my premature death.  I don't want to leave a mess to my heirs.  Most of my other property will pass outside of probate with the exception of my house.

I am a young, single guy with no dependents. I have a mortgage on my home. Is this possible since it would be going into a trust (versus, say, an LLC) without having to worry about the due-on-sale clause, or am I SOL?

Thanks in advance.

[Rick H.]

Bigger Pockets is public forum and a place to discuss deals, investments, tenants, etc.

It is NOT a substitute for solid legal advice. I don't think anyone has steered you wrong here however, I encourage you to discuss your intentions, in private, with a qualified estate planning attorney who is licensed to practice in your state. 

Have a meeting with legal counsel every five years or so (or more frequently, if your assets and net worth are changing frequently).