Current through 2023-2024 Legislative Session Chapter 353
Section 53-12-25 - Transfer of property in trust(a) Transfer of property in trust shall require a transfer of legal title to the trustee. In any transfer of property or any interest in property, if a trust is named as a grantee, whether such trust is held under the laws of this state or of any other jurisdiction, then such transfer is deemed to have been made to the trustee of such trust as though the trustee of such trust had been named as grantee instead of the trust.(b) For any interest in real property to become trust property in a trust of which any transferor is a trustee, the instrument of conveyance shall additionally be recorded in the appropriate real property records.Amended by 2018 Ga. Laws 366,§ 6, eff. 7/1/2018.Added by 2010 Ga. Laws 506,§ 1, eff. 7/1/2010.