Andrew Bethel | Bethel Law Corporation
May 30th, 2023
In the world of estate planning, there’s a concerning trend that we, at Bethel Law Corporation, have noticed— an increasing number of properties being removed from trusts and failing to be reinstated even after the passing of the owner.
This situation can have severe consequences for your estate.
Probate carries significant financial implications. Attorney fees, executor fees, and court fees can quickly accumulate, placing an additional burden on the estate. To protect your estate from probate nightmares, it’s crucial to ensure that your property is promptly placed back into your trust after any necessary transactions. Consulting professionals and verifying title can confirm the property’s status and address any errors or omissions.
In this blog article, we will explore the risks associated with properties taken out of trust and shed light on the potential probate nightmares that can ensue.
By understanding these dangers, you can take proactive steps to protect your estate, save your heirs from unnecessary expenses, and ensure a smooth distribution of assets.
The dangers of properties taken out of trust and left out should not be underestimated. Procrastination, failing to put the property back into trust, and improper reintegration can lead to probate nightmares, causing delays, expenses, and unnecessary stress for your loved ones. By understanding the risks involved, seeking professional guidance, and taking proactive measures to safeguard your estate, you can ensure a seamless distribution of assets and provide peace of mind for yourself and your beneficiaries.
Andrew Bethel, JD, Bethel Law Corporation
