Can I Include My House in a Trust?
Yacoba Feldman
Understanding Trusts: The Basics
A trust is a legal entity that holds assets for the benefit of designated persons. By placing a home into a trust, you can manage how it's transferred to heirs, potentially avoiding probate.
Benefits of Including My House in a Trust
When you put your house in a trust , you gain several advantages:
- Avoid Probate: Avoiding probate can save time and money, ensuring a smooth transition of assets.
- Privacy: Trusts can provide privacy in estate matters as they typically don’t go through public court proceedings.
- Control: Specify exactly how your assets are handled, offering control over the distribution even after your passing.
Steps to Place Your Home into a Trust
- Consult an Estate Planning Attorney: It's crucial to understand all legal implications and decisions involved.
- Draft the Trust Document: Work with your attorney to draft the trust, outlining your wishes.
- Transfer the Deed: File a new deed that shows the trust as the property owner, known as funding the trust.
Each step in funding your trust
must adhere to state laws and should be handled under professional guidance to ensure all aspects are correctly managed.
Ready to Secure Your Home’s Future?
Placing your home in a trust can offer significant benefits. Reach out today to set up a trust transfer deed and safeguard your assets. Contact us for personalized assistance.