The transfer of the real property is often a key concern in estate planning. Sometimes, however, two or more people may want to hold title to real property in a trust that controls how the property is to be distributed at death. This often happens when children inherit property from parents and want the property to stay in the family. In this situation, the family members can consider transferring the real property into a realty trust. This type of trust allows multiple homeowners to easily transfer co-owned property to intended beneficiaries while avoiding the probate process and deed recording. Contact A People’s Choice for more information on the benefits of a realty trust in California. Read on to learn more.
A Realty trust can also provide an ease of transfer. Property owned in trust does not have to go through probate. This reduces legal fees and delays caused by the court system.
It is important to recognize that a realty trust does not provide legal protection from creditors, the IRS, or estate taxes. You can save thousands of dollars if you hire A People’s Choice to create a realty trust for you. You do not have to hire a estate planning attorney to draft the trust documents, A People’s Choice has successfully helped several California residents prepare realty trust documents. Contact A People’s Choice for more information. We can help you save thousands of dollars in attorney fees.
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