How to Sell a Property Held in a Revocable Trust

A revocable, or living, trust protects your assets and can be changed at any time. It allows you to appoint yourself or a third party as trustee. If the property placed in the trust is real estate, the trustee can perform all the duties of a seller — making repairs, placing the house on the market, negotiating a price. You can sell the property held in the revocable trust by using a purchase and sales agreement, which is a legal contract that specifies the terms of the sale.

Step 1

Fill in the purchase and sales agreement. You must identify the seller, which is yourself or your designated third party as trustee, and the buyer who is receiving the property from the trust. If the property involved is real estate, you must also sign a deed — warranty, grant or quitclaim — conveying the property to the buyer.

Step 2

Enter the property's legal description. If the property being sold is real estate, it may be described using a metes and bounds system or a lot and block system, whichever is appropriate.

Step 3

Get the property appraised and enter the property's fair market value. Expensive assets such as cars and real estate must be appraised by a certified appraiser.

Step 4

Get the purchase and sales agreement notarized, meaning the trustee must sign and date it in front of a notary public who will also sign and stamp it with his official seal.

Step 5

Sign the real estate deed as well as all other appropriate documents at the real estate closing if the property in the revocable trust is real property.

Step 6

Make arrangements to deliver the property to the buyer. If real estate is involved, you will hand over the keys at the closing.

About the Author

Based in New York City, Ben David has been a writer since 2006. His expertise extends into the fields of business administration, new media technologies, consumer electronics and mobile device technology and design. David studied Communications at Howard University.

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