Should I Fund My House Into My Revocable Living Trust?

Should I Fund My House Into My Revocable Living Trust? One of the most common questions we hear from clients is whether they should transfer their home into a Revocable Living Trust. The answer depends on your unique circumstances. In this episode of Wealth and Wisdom with Irina, estate planning attorney Irina Shea discusses when funding your home into a Revocable Living Trust may be beneficial and when waiting may be the better option. Topics discussed include: • Joint ownership versus sole ownership of your home • Planning for future incapacity • Out-of-state real estate and ancillary probate • The New Jersey Senior Seller Exemption • Whether transferring your home affects your mortgage or ownership rights • Factors to consider before funding your home into a Revocable Living Trust Estate planning is not one-size-fits-all. This video explores several factors that may help determine whether funding your home into a Revocable Living Trust is appropriate for your family and your goals. To learn more or schedule a complimentary consultation, visit https://www.irinashea.com/our-process To download our companion PDF handout, click here: https://cdn.b12.io/client_media/GZ0cj... Disclaimer: This video is provided for educational purposes only and does not constitute legal advice. Viewing this video does not create an attorney-client relationship. Please consult with an attorney regarding your specific circumstances.