Family Trusts and the Title Process

 Family Trusts and the Title Process

It stands to reason, when it comes to estate planning, that a growing number of homeowners establish a living trust instead of relying on a will. That’s because, when properly prepared, a revocable living trust can save the family the time and cost of probate when the homeowner dies.

 
It can also save on estate taxes and protect inheritances for children and grandchildren while allowing the trustees, typically the owners of the trust, to retain control of their assets during their lifetime.

To understand more about revocable and irrevocable Living Trusts, read on, with this article from Barbara Pronin, provided here by our own Kelly Vincelette from Cornerstone Title.

Note:  Barbara Pronin is an award-winning writer based in Orange County, Calif. A former news editor with more than 30 years of experience in journalism and corporate communications, she has specialized in real estate topics for over a decade.

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