Not typically. You might check with the banker/mortgage contract. The exchange of a house into a trust where you are the settlor and beneficiary is a non-taxable event. We never had a client who received a due on sale demand, because you are not selling the house; you are exchanging into trust.
Modified on: Wed, 22 Jul, 2015 at 8:13 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.