Advantages of Putting a House in a Trust

Placing a house in a trust can help ensure a smooth transfer of the property to your beneficiary upon your passing. It establishes a fiduciary relationship, which prioritizes the protection of another individual's interests. Here are some of the benefits of creating a trust.

Avoid probate. Probate can be an expensive, lengthy process for those who inherit property and other assets. A trust allows for direct transfer without going through the court.

Reduce taxes. Depending on the type of trust you establish, you may be able to minimize estate taxes or other taxes that could be imposed on your property.

Maintain privacy. Placing your house in a trust ensures sensitive financial information isn't included in public records.