A revocable living trust is a trust where the settlor has control over the assets in the trust during the settlor’s life. Once the settlor passes away, the trust becomes irrevocable and assets in the trust pass to the settlor’s beneficiaries named in the trust without the need for probate. The trust can be changed or revoked at any time by the Settlor during the Settlor’s life.
To transfer your Florida real estate to your revocable living trust, it must be transferred by deed. A quitclaim deed would be your most simple and cheap way to accomplish the transfer.
Once your Florida real estate is transferred to your revocable living trust, you will still own the property during your life, and you have the right to do whatever you want with it during your life. You can enjoy the benefits of the property and even maintain homestead benefits. The trust can be terminated or changed while you are alive and you can always transfer your real estate out of your trust during your life.