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Real Estate Trusts: Pros & Cons

July 7, 2020 By Gloria Roma

Real Estate Trusts: Pros & Cons Real estate trusts work hard for you because you’ve worked hard, bought a nice home and built up some equity in it. You are getting up in age and are considering placing the home into a real estate trust. You’ve heard that a real estate trust is the way to make sure that the house goes to a family member of your choosing if and when you pass. Although placing the home into a trust will avoid the hassle of probate court and save on estate taxation, there are also some distinct disadvantages. In this article we will explore some of the pluses and some of the minuses of placing your home in a trust. Trust Advantages Probate Avoidance – if your home is in a trust at the time of your death it will not be included in your probated estate. That means the beneficiary listed in the trust will immediately take ownership of the property and any personal possessions (cars, furniture, TVs and projectors, bank accounts, etc.) that are placed in the trust … Continue reading...

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