Does a Trust Have to Be Funded to Be Valid? – Annapolis and Towson Estate Planning
If you don’t also fund it, unexpected things can happen and some of those things may not reflect the intent to the grantor.
If you don’t also fund it, unexpected things can happen and some of those things may not reflect the intent to the grantor.
Usually, when you make a simple change in the title from tenants in common to joint tenants, the taxing authorities will ignore that change.
All real estate investors need to consider what to do with all of their real estate assets when estate planning. After all, the last thing you want is to have your will end up in probate court, where it could be years before your estate settles. With that in mind, here are some options on how to include real estate investments in your will.
One of the most frequent questions asked in estate planning, is whether a will is really necessary, particularly when someone has taken steps to avoid the probate process.
My idea: put our accounts in my wife’s name and put the land in our children's names. The way I figure it, when something happens to me, they won't need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What's your take on the workaround idea?