A Family Trust, also known as a Living Trust or Revocable Trust, is used to hold ownership and protect your personal and real estate property.
4 REASONS TO HAVE YOUR REAL ESTATE IN A TRUST?
- A trust is a legal entity recognized by the courts and protects your personal and real estate property from being lost.
- Having a trust prevents the courts from getting involved and holding your assets in probate.
- Having your assets in a trust allows you to pass your assets to your heirs upon your death without complications.
- Having a trust allows you to set up the terms for your assets before you pass away in order to prevent confusion as to how the assets are divided and disbursed.