June 7, 2023
Real Estate Facts
Created a trust could provide the ideal safeguards for protecting one of the biggest investments of your lifetime.
Trusts can act like superheroes who come in to save the day for home investments. By placing all or some of your assets - including the house - in trusts, it gives them extra protection against potential dangers or liabilities that might otherwise threaten them.
One key advantage of having a trust is its ability to help you avoid probate court. Probate proceedings can be time and cost intensive to resolve; with a trust, your assets can be distributed more smoothly without legal proceedings becoming involved - think of it as your companion helping you avoid probate.
Trusts provide greater control over how your assets are distributed, such as managing minor children's inheritance correctly until they reach age 18. They also protect assets from creditors and lawsuits - acting like a shield to guard against evil forces.
What does all this have to do with owning a home? Well, transferring it into a trust means it becomes part of its portfolio; its trustee will now manage it; but you still maintain control during your lifetime - selling or mortgaging as desired is still allowed if needed; should any medical complications arise later on then your trustee can step in as needed - acting like your sidekick who always has your best interest at heart.
Trusts offer several advantages for home investments, such as safeguarding against probate court and giving more control over how assets are distributed and potential liability protection. Why not give your investment the best protection possible by creating one? Think of it like having someone ready to save the day guarding over it all the time!
Diana Renee
I am so fortunate to have grown up in one of the most wonderful places in the world, California. With friendly people, incredible weather, great entertainment, beaches, mountains and the desert all within driving distance, SoCal has it all. I was born and raised in Long Beach, and have lived in Corona since 1996. I truly love this city and I'm proud to assist my clients in navigating the process of buying and selling real estate.
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