jIMOh
Thinks s/he gets paid by the post
Meaning, who's name is your house in?
Person's name?
LLC?
Land Trust?
Other.
Why?
Person's name?
LLC?
Land Trust?
Other.
Why?
Meaning, who's name is your house in?
Person's name?
LLC?
Land Trust?
Other.
Why?
I have my house in an LLC as protection from an ex wife, creditors and to help it pass to my kids without probate.
DW and I own our main house in our own names (JTROS).
...I'm starting to see putting my library upstairs was a mistake. In 15 or so years we might sell to someone with younger knees.
Yes, wills still go through probate and can cost your estate a lot of money depending on what State you live in. A living trust would be a better choice IMO.The title has DH and I as joint owners with right of survivor. No mortgage, no liens.
If our assets are not large, is there a reason to title it otherwise? We do have wills leaving all assets to our 2 adult sons.
Yes, wills still go through probate and can cost your estate a lot of money depending on what State you live in. A living trust would be a better choice IMO.
Morning, noon, and night, by mail, fax, phone, and email, Nolo is asked whether making a will is enough, or whether it's really much smarter to create a living trust for the purpose of avoiding probate. Not surprisingly, the answer is, "It depends." Some people need a living trust immediately, others will never need one, and most of us fall somewhere in the middle.