How Do You Handle Homeowners Insurance When Your House is in a Trust?
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Q. We decided to get our estate planning documents done and our home is now in a revocable living trust. We feel good about taking this action because our loved ones will not be overburdened with the nightmare of probate when we die, among other things.
A thought came to my mind recently. Are there any actions I need to take when it comes to insuring my home since ownership of our property has been transferred from us to the trust? Thanks for your help!
Critter Corner: Tips for Decluttering and Downsizing When You Don’t Want to Get Rid of Stuff
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When my sister and I were over for Easter, my mom asked us if we wanted anything. She has a lot of “treasures” that she’d love for my sister and I to claim. These aren’t the valuables I’m talking about ... they are sentimental items and clothes. My sister and I aren’t interested in adding more clutter to our own homes, but we want to help my mom downsize. Do you have any tips we can give
her?
Order Books by Evan Farr, 4-Time Best-Selling Author
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Certified Elder Law Attorney and Medicaid Asset Protection Expert, Evan H. Farr, CELA, has written four best-selling books in the field of elder law. For more information and to order, click here.
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