Is transfer tax due on transfers to a revocable living trust?

A transfer of property to a revocable living trust is subject to transfer tax unless:

  • the transferor, spouse of the transferor, or trustee of the trust transfers the property back to the same transferor or transferor’s spouse, or
  • the deeds of transfer are executed by the trustee to implement a testamentary devise by the trustor of the trust.
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