If you own real estate in more than one state, incorporating a Revocable Living Trust into your estate plan is a smart strategy to avoid the costly and time-consuming process of ancillary probate. When you pass away, any out-of-state property not held in a Trust typically must go through probate in that state, which can delay distribution to your heirs and increase legal fees. By transferring ownership of each property into a Revocable Living Trust during your lifetime, you maintain control over the assets while alive and ensure they pass directly to your beneficiaries upon your death — without the need for separate probate proceedings in each state. This not only streamlines estate administration but also preserves privacy and can significantly reduce the overall burden on your loved ones.
If you have questions about any aspect of estate planning, give us a call at 253.858.5434 today.