3 Reasons You NEED Your Home In A Trust

With the holiday season quickly approaching and so many of us focusing on creating new memories with our loved ones we thought it was important to make sure that you give them the greatest gift you can give... security. With that, we've listed the 3 reasons we think it's important you start preparing for the future and consider placing your home in a trust.

1. A trust is the ONLY way to keep your home out of probate court. Even with a will in place, the sale of the home must go through the probate court process which, depending on the county you live in, can take anywhere from 6-12 months to complete.

1. While the initial cost of setting up a trust can run you approximately $1,500 or more, the amount it saves your family in probate court and attorney fees is far outweighed when you consider those fees, many of which are county mandated, will cost your family potentially tens of thousands of dollars depending on the value of your home.

1. Your family dynamic might resemble that of the Brady Bunch, but even so, death & sadness affect everyone differently. Unlike that of a will, whom you choose to be the executor of your trust can not be taken to court to be disputed, which so often happens among family members who disagree about how to handle the sale of a home and other assets. 

As Realtors, we have built relationships with people of all professions including lawyers specializing in estate planning. If you need a referral for a lawyer or really any type of professional, feel free to reach out to us anytime.