If A Spouse Is Signed To A Contract - Do Both Parties Need Consent To Transfer The Asset Into The Trust

If A Spouse Is Signed To A Contract - Do Both Parties Need Consent To Transfer The Asset Into The Trust

Yes, all signatures/authorizations are needed. If all holder's in equity are not made aware of the transfer, it could be held fraudulent/invalid.

NOTE: Land is different, in that allodial title in fee simple is obtained and then equitable parties are made aware of said claim. The reason a lender cannot say "no" regarding this transfer is because the lender must prove/hold a higher title (impossible).