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How to Keep Your Home in the Family: A Guide to Using Deeds and Trusts for Estate Planning Needs is a free PDF guide written by experienced estate planning attorneys. This guide will give you plenty of legal strategies you can use to protect your home now, and when you pass away.
How to Keep Your Home in the Family is an essential guide for anyone that wants to give their house to their children, or other loved ones, when they pass away. If you or your spouse are looking into assisted living or nursing home care, this guide will also teach you how to protect your home during that time.
There are dozens of tools out there that you can use to protect your house during your lifetime and when you pass away. It can get confusing. That's why we created this all-inclusive guide to explain your options to you in an easy to read fashion.
By reading this 14-page guide, you will learn:
- How to put your home in a trust. Putting your home in a trust can help you avoid the costly, public, and prolonged probate court process.
- The requirements for creating a Qualified Personal Residence Trust (QPRT). A QPRT is a type of trust designed to hold your home. You retain the right to reside in the home for a period of time, and then your beneficiaries take over the property. QPRTs can provide amazing tax benefits!
- How to file a Transfer-On-Death Deed. A TOD Deed allows you to automatically transfer ownership of your home to your loved one(s) when you die. A TOD Deed can provide tax benefits, and protection from creditors.
- If you may want to consider a Life Estate. A life estate is a legal agreement that allows a property owner to split their ownership of the property. Life estates can be great tools for blended families.
- When you may want to use a Quitclaim Deed. Quitclaim deeds can quickly transfer a property from one person to another. However, there's no type of 'warranty' offered, so you must use them carefully.
- The advantages and disadvantages of using a Survivorship Deed. Survivorship deeds are most common among spouses to quickly transfer property when one of them dies.
- What happens when you don't execute deeds and titles properly. Spoiler alert: it's not good.
All this information is available to you in an easy to read fashion. No law degree or real estate license needed.
The best part is, by reading this guide, you don't have to wait to get your most important questions answered. You don't have to waste your time or money to meet with a lawyer, title agency, or court official.
Get these questions answered, and more:
- I'm worried that a creditor will come and take my home, how can I prevent this from happening?
- How do I prevent my family members from having to pay taxes on my house?
- What is the difference between a revocable trust and an irrevocable trust?
- How do I file a Transfer-On-Death Deed in Ohio?
- What is a life estate?
- My mom gave me her house through a Quitclaim Deed, what do I need to do now?
- I've been living in my dad's house since he passed away, but I don't actually own the title, and now I can't sell the house. How do I fix this?
There's no obligation to work with us after downloading the guide. We just want to educate as many people as possible.
We've seen way too many people wait to get this valuable information. By the time they decide to take legal action, it's too late.
Take action now. This guide could end up saving you and your family members thousands of dollars.