Do I need a revocable trust before closing on a new home? | NC

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Q: Do I need to set up a revocable trust before I close on a new home, or can I do it after I buy the property? A: You can do it either way. The practical difference is paperwork and timing—if your revocable trust is set up before closing, the deed can often be prepared at closing so the trustee takes title right away. If you buy the home in your individual name first, you can usually transfer…