If you own real property in more than one state — perhaps a vacation home at the beach or inherited land in another state — your estate could face ancillary probate in each state where you own property. This means multiple court proceedings, multiple sets of legal fees, and multiple delays. A revocable living trust solves this problem by holding all your real property in one trust, regardless of location, avoiding probate in every state.
At SoMD Estate Planning, we stay current on evolving legal issues to protect Southern Maryland families. Contact us about our $1,500 flat-fee estate plan.
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