You have a house, you pay the mortgage, keep up on repairs, make improvements, and if all goes well, someday you will pay it off. But what happens to your home if something happens to you? What happens to your family (who may live in the home)? Growing old is part of life. There may come a time when you are no longer living in your house. In that case, your house needs to be transferred to your spouse, your children, other family members or other loved ones. How can you prepare for this transition? An experienced estate planning attorney can help you figure out what the best option for your property will be. You may need a will, a TODI, a land trust, or a revocable living trust. You may need something else. No matter which option you choose, you should discuss your plans with your family. A will… read more →
