 Setting up a revocable trust is like building a treasure chest. When you pass away you want that treasure chest to go to your children, or other beneficiaries, filled with your property and assets. But what happens if the chest is empty when your heirs receive it? One of the biggest mistakes in estate planning is the failure to properly transfer your assets into your trust.
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A large part of estate planning is finding ways to keep your assets out of probate. Most people know that assets such as life insurance policies and retirement accounts allow you to add beneficiary designations directing who should receive those accounts after the owner’s death. But what about real estate?
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AuthorJessica Brandow is foremost an estate planning attorney dedicated to providing quality legal service to all types of clients. ArchivesCategories
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