By having a Revocable Living Trust you can avoid probate completely.
As the trust owns the property if you die the trust still owns the property. Any beneficiaries remaining in the trust will still control the property. The property will be given to the new beneficiaries without any disturbances of probate.
The other way to avoid probate is to use a joint tenancy / ownership. You can have several people that own the property or use a Tenants in Common to define one owner – the tenants – with more than one owner.
Whatever you do to avoid probate you should consult a professional to talk to you about all of your options.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
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By having a Revocable Living Trust you can avoid probate completely.
As the trust owns the property if you die the trust still owns the property. Any beneficiaries remaining in the trust will still control the property. The property will be given to the new beneficiaries without any disturbances of probate.
The other way to avoid probate is to use a joint tenancy / ownership. You can have several people that own the property or use a Tenants in Common to define one owner – the tenants – with more than one owner.
Whatever you do to avoid probate you should consult a professional to talk to you about all of your options.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125