@whatsamortgage_: Avoid this major mistake after putting your home in a trust. After the Palisades fires, a lot of homeowners started learning a painful lesson: putting your home in a trust is smart estate planning, but if your homeowners insurance is not updated correctly, it can create a major problem when you need to file a claim. Here’s why. When your home is transferred into a trust, the trust may become the legal owner of the property. But if your insurance policy still only shows you personally as the insured, the insurance company may question the claim, delay the payout, or possibly deny coverage because the legal owner and the insured party do not match. This is one of those small paperwork issues that can turn into a financial nightmare after a fire, flood, or major loss. So if your home is in a living trust, call your homeowners insurance company right away and ask them to confirm that your trust is properly listed on the policy. Depending on the carrier, they may add it as an additional insured, additional interest, or through the proper endorsement. The good news is this is usually simple to fix, and many carriers can update it at no extra cost. Do not wait until something happens to find out your policy was not set up correctly. Estate planning is not just about creating the trust. It is also about making sure your insurance, title, and paperwork all match. Hopefully this helps you protect your home, your family, and your legacy. For more tips to be a successful homeowner, follow my page. #HomeownerTips #LivingTrust #EstatePlanning

Minh Nguyen | Mortgage Broker

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Region: US

Wednesday 24 June 2026 14:34:00 GMT