Selling my mom's house and want to create a trust for her. What kind of trust will be best?

Just to clarify, a living trust was created and the house was titled to the trust? As trustee, you are selling the home and need to know where to deposit the proceeds.

Is there already a trust checking account? Are the proceeds expected to be less than $250,000? If yes, you can put the proceeds into the account. If not, you’ll need to open one or more accounts as appropriate to maximize FDIC insurance.

I wouldn’t recommend investing the money unless you expect it to last more than 5-10 years. You can use an FDIC insured high yield savings account to get 1.6+% online if you like.

Consult the attorney if it’s a Medicaid trust, especially if you expect the money to last more than 5 years.

So when all these documents were done, the house was not titled to become an asset of the Trust, so it’s “owned” by the Trust? To me that’s odd. You need to meet with the attorney who did all these items and find out why that didn’t happen as a starting point and let them advise you. None of this is DIY or armchair attorney stuff.

Steve63, best to check with the Attorney who drew up the Trust. He/she would be familiar with State laws regarding same.