Vacation home into revocable trust for future generations and avoid probate. If you own a vacation home, you may want to consider putting it into a trust. This can help avoid probate, especially if the property is located in another state.
A revocable living trust is a good option for vacation homes because it allows you to retain control of the property while also avoiding probate. You can also name successor trustees who will manage the property after your death. This can be helpful if you want to ensure that the property is passed down to your heirs according to your wishes.
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0:00 Start
0:15 Revocable Living Trust Centered Estate Plan
1:01 Probate Costs
1:20 Second Home in the United States
2:53 Consequence of NOT putting in Trust
4:09 Real Estate in a Foreign Country
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