Call Us Today 931-250-8585

Blog

Avoiding Probate When It Comes to Real Estate

Posted by Nina Whitehurst | Mar 28, 2018 | 0 Comments

Small house

The distribution of real estate can be a good deal or a bad deal.

One way to avoid real estate going through probate is to put someone else's name on the ownership of the asset.  However, that almost always comes out badly, according to the Daily Republic in "All Things Real Estate: Living trust best way to pass house to children."

Among the problems, are adding someone's name to your real estate deed making it available to that person's creditors. That does not always become a problem.  However, when it does, it is normally a big problem.

A much better way to avoid having real estate go through probate, is to create a revocable living trust. The real estate can be transferred to the trust and will not have to go through probate, after the owner passes away.

An estate planning attorney can advise you in creating an estate plan that fits your unique circumstances and sets up the most favorable way to distribute your assets.

Reference: Daily Republic (March 3, 2018) "All Things Real Estate: Living trust best way to pass house to children."

About the Author

Nina Whitehurst

Attorney at Law Nina has been practicing law for over 30 years in the areas of estate planning, real estate and business law She is currently licensed in Alaska, Arizona, California, Colorado, Oregon and Tennessee. Her Martindale-Hubbell attorney rating is the highest achievable: 5 stars in peer...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Areas We Serve

Logo 202

Aenean lacinia bibendum nulla sed consectetur. Donec sed odio dui. Maecenas sed diam eget risus varius blandit sit amet non magna. Nulla vitae elit libero, a pharetra augue. Curabitur blandit tempus porttitor. Morbi leo risus, porta ac consectetur ac, vestibulum at eros. Cras justo odio, dapibus ac facilisis in, egestas.

Menu