Thank you for the reply. In case we are looking at the option of wiring the money into a US bank account (since we are out of country) will the process be the same? What I conclude from your response is that it’s the Escrow officer who can change whether to send it to trust account or regular...
We (me and my husband) are in the process of selling a property that is listed in our revocable living trust. Can The proceeds/funds from this sale be deposited in our regular joint savings account? Is it mandatory to have a trust account to transfer/deposit this money?
I wanted to add that this is our personal trust so should it be so complicated that we need to transfer the property to us. We have been living in the house.
We want to sell our house which we have included in our trust. Are there additional steps to be followed to sell it. We want a real estate agent to do all the formalities of selling the house as we are currently out of the country. Can it be sold without our physical presence?