You need a Trust!

August 12, 2020

You need a Trust!

If you own real estate in California I highly recommend that you create a Trust.  This Trust will help you organize our assets and create a game-plan for your future.  A Will is not enough to protect your assets and ensure they go where you want them to go in the future.  I’m not an Attorney so I’ll leave the specifics to the appropriate professionals.   The following a great reasons to look into getting a Trust.

Real Estate should be held in a Trust to protect your family from probate should you pass away.  Probate is when the state steps in to help clarify where your assets go.  If your assets are in a Trust you get to avoid the time, expense, sharing of private information that takes place during probate.

Probate sales in real estate can take a very long time.  There are specific contracts required that differ from our every day residential purchase agreements as well.  Very few Realtors have experience with probate sales as well.  These sales involve the courts and very few legal matters involving the court system move quickly.

Attorneys will charge for taking a family through probate.  The charges are commensurate with the value of the assets.  You can save a lot of money by being proactive and having a trust.  There is a cost to working with an Attorney to create a Trust.  However, in the long run, it’s a money saving move to have a Trust!

Probate situations are public by nature.  In many cases people are working to make sure there are no missing people who may be entitled to your assets.  If you want your information kept private get a Trust.  Also, you name your Trust anything you like.  That’s kind of fun!

As always, I would be happy to introduce you to a great Trust Attorney.  Just ask!


Recent Blog Posts

Stay up to date on the latest real estate trends.

The DST is Ideal For Aging Investment Property Owners

February 15, 2024

Perch Wealth, Featured in BIZNOW, explains DSTs

Mortgage Rates, Home Values & The Rental Market

September 28, 2022

Mortgage interest rates play a huge role in home values. These rates are now at 2002 levels, up sharply from all time lows in 2021. The average 30 year fixed mortgage … Read more

Out of State Investing

April 7, 2022

Let’s face it… A lot of real estate investors are priced out of California, and prices are continuing to climb. Here is an example. In 2012 an investor could purchase … Read more

Out of State Investing

April 6, 2022

Let’s face it… A lot of real estate investors are priced out of California, and prices are continuing to climb.

Use a Liquidator Instead

March 16, 2022

Market Real Estate specializes in selling inherited properties. Oftentimes our clients have a quite a project on their hands. One of their biggest concerns is what to … Read more

Use a Liquidator Instead

March 15, 2022

Market Real Estate specializes in selling inherited properties.

Pre-Sale Improvements that Add Value

January 6, 2022

We highly recommend a fresh coat of paint. Paint creates a huge return on investment. The “in-style” colors seem to change fairly quickly these days. We went from tans… Read more

Pay Off Your Mortgage Quickly

December 30, 2021

Going back a few generations there was very little credit extended to people interested in purchasing real estate. Fast forward to the first decade of the 2000’s credi… Read more

Appeal of Cash Buyers… Let’s make you one!

December 14, 2021

There is a lot of competition amongst buyers in our housing market. There are simply more buyers than properties available. There also happens to be quite a few buyers… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.