Why Estate Planning with a Trust Is Essential

By Arizona Home Group

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Are you confident that your home will be protected after you’re gone? The average consumer assumes that having a will is enough to protect their assets, but this is simply not true. If your home is not in a trust, there’s always the risk of losing it; here’s why:

First, if you only have a will, your assets must go through probate court, which can be expensive and time-consuming. The average cost of probate is up to 8% of the asset value, and the process can take many months.

Second, your loved ones may not have the money to go through probate, and the process can tie up your assets. This means that your beneficiaries may not have access to your home and may still be responsible for paying to maintain it.

These complications add a lot of stress to an already stressful time. To avoid these problems, you can put your home and assets in a trust. A trust transfers your assets directly to your heirs, avoiding probate and capital gains tax. Creating a trust is easier and less expensive than you might think. We are hosting a free estate planning seminar if you’re interested in learning the process and benefits of living trusts.

Event Details:

When: October 24, Thursday

Time: 5:30 p.m. to 7:00 p.m.

Registration link: Free Estate Planning Seminar

Our friends from Truist Law will discuss the benefits and costs of trusts, and Reagan Wichman, our preferred mortgage lender, will talk about mortgage options. We will also answer your questions about the market and estate planning tools.

Click the registration link to reserve your spot at our free seminar. For more details, you can also contact us at (602) 571-3730 or AHGadmin@gmail.com. We look forward to seeing you there!