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Estate Planning: Leaving A Home To Heirs While You’re Still Alive - Estate Planning and Administration News

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Estate Planning and Administration News

Posted on: Mar 29, 2018

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.

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