To Pass on Your House, Trust in Your Trust

Most people’s most valuable asset is their home. It is a place full of memories and holds more value than what it would sell for. A good Utah Estate Planning Attorney can help you draft a Living Trust to pass it on to your family without going through probate (filing court papers-which can cost a lot and take a long time). A Utah Living Trust is a document that specifies who is setting up the trust, who is in charge, and who benefits from the trust. The person setting it up can be the trustee (person in charge) during their lifetime, and can pick the person who will be in charge after they die (the successor trustee). The trust instructs the successor trustee how to deal with things that are in the trust. If your home is deeded to your trust, the trust determines where it goes when you die. You just need to record the trust with the county in order for the records to show what happens next. A good Utah Estate Planning Attorney can set up the trust, draft the deed for your house to go into the trust, and make sure it gets recorded on county records the right way.. Call me today if you want to talk about deeding your house into a Utah Living Trust to avoid probate.

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