Item: Peters Patchin & Monaghan
Rating: 5
Author: Neal V.

Living Trusts & Property Taxes

By Barry Peters | May 31, 2019

Will putting your home into the name of your Living Trust or Family Trust cause your property taxes to rise? Not at all.

While having your home transferred into the name of the Trust, your attorney will do a couple things.

First, your attorney will prepare and file an Affidavit with the County Assessor. This simply confirms that you are continuing to live in the house.

Second, if your home is in Ada County, your attorney will submit a new application for the exemption.

Both of these steps are relatively simple. A complete Living Trust or Family Trust package will include these steps.

Once they’ve been done, the county will continue to tax the property as before. You’ll continue to enjoy your Homeowners Exemption. And, if you qualify for the Circuit Breaker benefit, that will also continue to apply.

★★★★★

Daniel made the entire process simple and easy to understand. He took our questions and made sure we understood all the legal aspects and responsibilities seamless. Neal V.

We want to thank Matt, he was very helpful in answering our questions and walking us through the process of setting up our Family Trust. Charlotte G.

Marcus West was so helpful in setting up our trust. We had several questions and a lot of properties to manage. He was professional & has a great personality. Pamela B.

Ben, you were very thorough in your explanations, answered all of our questions & we would be happy to put our names to referrals for you. Darrell C.

Hello, Ben. Thank you for your assistance with out trust. Your simple, concise, efficient instructions and explanations were easy to understand and follow. We were pleasantly surprised how quickly you were able to get everything set up and ready to go. Desta R.

Submit a Law Firm Client Review