A trust can be an extremely valuable tool for real estate. When a trust is created, you typically want to "fund" it with various assets. Real estate is often a central part of that. In connection with estate planning and the creation of a trust, this is generally done either by (i) a present transfer by deed into the trust, or (ii) a beneficiary deed that effectuates a transfer into the trust at death. Of course, some goals and circumstances may necessitate other approaches. There are several benefits of moving real estate into a trust including probate avoidance, effective planning for incapacity and the opportunity to implement careful distribution plans upon your death. For many individuals and families, real estate is a major part of their estate plan and often represents a significant part of what they own. Planning appropriately is key and a trust is often a central part of that planning. Most often, the planning associated with real estate is a seamless part of the overall creation of an estate plan and we work hard to make the process easy and straightforward.
0 Comments
Leave a Reply. |
COMING SOONArchives
November 2024
Categories
All
|