Should You Put Your House in a Trust?

Putting your home in a trust can help avoid probate and protect assets, but it comes with costs, complexity, and potential loss of control.
Should You Put Your House in a Trust?
Placing your home in a trust avoids probate and adds protection, but requires careful planning. bbernard/Shutterstock
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Your home is perhaps your most valuable and significant asset. And to maintain your legacy, you’re going to want to make sure that your property passes on to your desired beneficiaries as smoothly as possible.

Here’s where a trust can step in. Many people place their home in a trust to ensure the quick and private transfer of property upon their deaths without the need for probate. In some cases, the trust also can open the door to estate tax benefits and shield the home from creditors of your beneficiaries.

Javier Simon
Javier Simon
Author
Javier Simon is a freelance personal finance writer for The Epoch Times. He specializes in retirement planning, investing, taxes, fintech, financial products and more. His work has been featured by major publications including Fox Business, The Motley Fool, NerdWallet, and Money Magazine.