Intro by Jason R. Sprinkle, Indiana University Foundation
Real estate is often the largest asset in an individual’s estate. Many plan to sell and downsize but for those who plan to “age in place” they should consider what will happen to this asset once they are gone. Leaving your home to an heir in your will can often come with additional costs to your estate. But establishing a trust that can transfer your property more quickly and efficiently while staving off disputes within the family may be your best bet. Transferring such property while you are still alive comes with many added benefits as well.
If you would like to submit content or write an article for the Estate Planning & Administration Section, please email Kara Sikorski at firstname.lastname@example.org.