Investors trying to avoid probate, especially when they own real property in more than one state, should transfer title to those properties out of their name individually and into their name as trustee of their revocable trust, Mr. Douglas said. Otherwise, there would be simultaneous probates in multiple states upon death of the property owner, he said.
Investors can make some egregious errors when it comes to drawing up plans to transfer their wealth and property. Here are some of the biggest, most common mistakes you could run into.
Investors can make some egregious errors when it comes to drawing up plans to transfer their wealth and property. Here are some of the biggest, most common mistakes you could run into.
Investors can make some egregious errors when it comes to drawing up plans to transfer their wealth and property. Here are some of the biggest, most common mistakes you could run into.
