Why Are Real Estate Trusts So Important?

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Lately, we’ve been hearing a lot about real estate trusts. Whether you are setting a trust up for yourself or your parents, setting up a trust is a great idea.

We have run into many scenarios lately where assets such as residential or commercial real estate are not properly set up. When you leave a property to a designated family member, you need to put the property in a trust or you will have to go through probate court.

Even if you think you are all set up, it’s best to double check. Unfortunately, there are many people out there running scams on property trusts. Check in with your parents or grandparents to make sure everything is in place.
Real estate trusts help you avoid months of probate court.
These conversations are tough, but they are also incredibly important. Estate and property issues are the last things you want when you are coming together as a family to remember the life of a loved one.

Probate court can take at least six months and will cost you a lot of money in attorney fees. To avoid probate, we can put you in touch with a great estate or trust attorney so that you know your property trust is set up correctly.

If you have any other questions about property trusts or real estate in general, give us a call or send us an email. We would be happy to help you!