What if I own real estate in another state?

What if I own real estate in another state?

If a couple owns a home in Idaho and also real estate in another state, the probate quandary becomes that much more difficult and expensive.

Upon the death either spouse, the remaining spouse normally will be required to go through the probate process to move the home owned by the deceased spouse in Idaho into the name of that surviving spouse. And, after the surviving spouse has gone through probate in Idaho, he or she will then have to go to the other state in which property is owned and go through a separate ancillary probate process there, as well. So, the cost and delay of probate is amplified when the couple owns real estate in more than one state.

Then, when the second spouse passes away, his or her heirs will have to go through the same processes all over again.

Fortunately, the establishment of a Living Trust or Family Trust by that couple can avoid not only the Idaho probate, but the ancillary probate in the other states, as well. And it avoids probate upon the death of each spouse, so the total savings (in both time and money) can be substantial.

Wit & Wisdom

For the Church in any country to retreat from politics is nothing short of heresy. Christianity is political or it is not Christianity.

- Archbishop Desmond Tutu


Testimonials

"I just wanted to take a minute to thank you for the help you provided on settling my parents' estate. We finally sold their house which closed on Tuesday. . . The transaction went through without a single question. The estate is settled and you are largely responsible for eliminating a great deal of stress. It truly was a pleasure meeting and working with you. Thanks again." (Craig P., Boise, Idaho)