Will vs. Trusts
My attorney says I don’t need to put my home in a trust but instead can attach a T.O.D.I. to it with my children as beneficiaries in my Will.
I’m told that will avoid probate.
Your thoughts on that.
Thank You
R. M.
Terry Says
Please watch this short video I made, and then write back if you still have questions.
Note especially that if the house is named in a trust and you are alive but incompetent (think stroke or dementia) your named successor trustee can make decisions such as selling the house to provide care for you.
https://www.terrysavage.com/wp-content/uploads/2022/10/Terry-Talks-Wills-Trusts-Estate-Planning.mp4
