When my mom died in April, 2012, I, as the Successor Trustee, distributed all the monetary gifts per the Trust. All that's left in her Trust is her house which I inherited. How long can I legally keep her house in her Trust? Is there a maximum time before I must move her house from her Trust to my Family Trust or sell it?
A: I am going to assume that your mom's trust was a standard living trust or "inter vivos" trust. If that is the case, then the trust terminated at her death, subject only to such administration as is necessary to carry out distribution under its terms.
The is no time limit imposed on how long you can "legally" keep the property titled in her trust. You have not stated a reason as to why you might want to keep the house titled in your mother's trust, but there really is no reason for you to do so. As trustee, your role is to carry out the necessary tasks to distribute the assets, including the assets which you inherit. One thing to consider is that, if something happened to you, then the successor trustee of your mother's trust will have to carry out the task of distributing your mother's house to the successor trustee of your trust. Also, if your plan is to sell the house, it is not necessary for you to do so as trustee. You can transfer title to your trust and sell it when you determine the time is right for you.