What About Property Outside of Idaho?
If you own property in more than one state, a Family Trust becomes an even more important part of your estate plan.
Without a Family Trust or Living Trust, the heirs of a person who owned property in multiple states must not only go through probate here in Idaho, they must then also do a simplified probate process in each of those other states. The cost of all of those legal proceedings can cause the costs and delays to those loved ones to grow substantially.
But with a Family Trust or Living Trust, not only is probate in Idaho avoided, the proceedings in the other states are avoided, as well.
So, for those owning property in multiple states, the benefit of a Family Trust or Living Trust is even greater.
Author: Barry Peters. For additional easy-to-understand information on Wills, Trusts, and Probate, call attorney Barry Peters’ offices at (208) 939-2600 for your expedited appointment for a FREE OFFICE CONSULTATION or visit his Q & A pages at BarryPeters-Law.com/answers-to-questions. As always, your total satisfaction is guaranteed by Barry Peters, Attorney at Law, where all clients receive individual attention to the details of their unique circumstances.