Letter Requesting Transfer to Trust
A Trust is a legal document containing a formal agreement between parties in which one party grants or vests the ownership rights (title) to one or more trustees for the purposes of conservation, protection, or preservation on behalf of the first party or beneficiary of the trust. This instrument normally and usually states: The reasons and purposes as to why the trust was established and the actions that will terminate the trust, a detailed record of what assets are placed and present in the trust, the authority and boundaries of the said trustees, the reporting requirements of the trustees, and other provisions associated to the trust. It may also state the compensation that the trustees will be receiving, if there are any.
A Letter requesting transfer to trust is a legal document or legal instrument used to inform a certain individual of the transferring of items, that have deeds or titles such as properties or vehicles, stated within a living trust. A letter requesting transfer to trust is used so that an individual may transfer valuable items into a living trust for protection or preservation. A letter requesting transfer to trust will have a receipt which the Grantor and sole beneficiary will be required to sign. If there is a failure to sign the aforementioned document within 30 days from the said date, the assumption of consent will be accepted and the transfer will occur without an adverse effect. You are encouraged to keep copies of this form in specific transactions and general files. This form is revocable.
Letter Requesting Transfer to Trust
Dear Sir or Madam:
This is to inform you that I intend to transfer the property described herein to ____________ (“Trust”). This Trust is a ___________________Trust. The undersigned is the Grantor and sole beneficiary.
Please acknowledge receipt of this letter and confirm that the intended transfer will not cause any undue adverse effect. Please indicate your consent to the above transfer without any negative effect by signing and dating the enclosed copy of this letter and returning it to me in the enclosed envelope.
If I do not receive your reply objecting to the proposed transfer within thirty days from the above date, I will assume that you consent to the transfer and that there will not be an adverse effect from this transfer.
If you need me to fill out forms for your organization, please forward them to me at the address on this letterhead and I will do so immediately.
Thank you for your attention to this matter.__________________
GrantorDate:
Acknowledgment: _____________________
Enc. Second copy of letter for signature; self-addressed stamped envelope for return.
Letter Requesting Transfer to Trust
Review ListThis review list is provided to inform you about this document in question and assist you in its preparation. Adapt this letter to fit the circumstances of the various parties you must contact to collect your assets, have them properly transferred to your new trust, and be prepared to follow-up diligently to be sure all of the paperwork is in order. This is a serious and extended task. Do not enter into it lightly or expect it to go smoothly. You have just entered administrative hell….
1. Set up a file for follow-up on all of these transactions. Keep separate copies in each specific transaction file but also in the general file.
2. Follow-up by phone within 14 days of sending out each letter, if you have not heard back.
3. If you decide to revoke your Trust at any time, use the same approach in reverse.
