Estate Planning for Real-Estate Owners
Real estate is often one of a family’s largest assets. An estate plan should coordinate title, ownership, probate avoidance goals, and the transfer or management of property after death or incapacity.
Issues We Address
- Primary residence
- Rental property
- Vacant land
- Property owned through an LLC
- Out-of-state real estate
- Trust funding and deed coordination
- Management during incapacity
Frequently Asked Questions
Can real estate be placed in a revocable trust?
Often yes, depending on title, financing, ownership structure, and the client’s plan.
What if I own property outside Alaska?
Estate planning is especially important if you own property out of state. In most states, an estate is required to file a probate case in that state to distribute property. That means that if you have multiple properties in multiple states, you could have to file multiple probate cases. Often, placing property in a trust avoids the need to file multiple probate cases. Out-of-state property usually requires coordination with counsel in the state where the property is located.
