Own property in more than one state?

You should consider a revocable trust!

Using a revocable trust is a smart estate planning strategy for individuals who own land in multiple states. One of the primary benefits is that it helps avoid probate in each state where property is located. Without a trust, your estate could face ancillary probate proceedings in every state where you own real estate, which can be time-consuming, costly, and public. A revocable trust allows you to transfer ownership of these properties to the trust during your lifetime, streamlining the process after death.

Another key advantage is privacy. Unlike a will, which becomes public record during probate, a revocable trust remains private, protecting the details of your estate and beneficiaries. It also provides continuity and control in the event of incapacity; your chosen successor trustee can manage the properties without court intervention.

Because the trust is revocable, you can change or dissolve it at any time while you're alive and competent. This flexibility makes it a preferred option for individuals with evolving assets or plans. In short, a revocable trust simplifies management, reduces legal hassle across state lines, and provides peace of mind for you and your heirs.