I am meeting with a married couple this week to complete their Estate Plan. Their plan is not complicated, leaving their estate to their son, “Funding” their trust is more complex, however, since they own several properties, and some of their properties are still in the name of trusts that belonged to their parents.
For a revocable trust to achieve its goals of avoiding probate court, all real property titles must be put into the name of the trust. For many people this is easy since they own one property, their home. But for some families that own multiple properties, the process can be much more complicated. If you spend your time and money on a revocable trust, be sure it is properly funded. I can help with this sometimes-complicated step, and help avoid errors that could cause problems with the title years from now, or worse cause tax issues. Contact the Law Office of Ronald T. Cole today and get peace of mind by creating an Estate Plan with a Revocable Trust for our family.