There are several ways you can prepare to transfer the title to your house after you are gone. Your options may include using a will, a trust, or a Transfer on Death Instrument (TODI). Some methods of passing your real estate on to your loved ones posthumously are more efficient – and easier for your beneficiary – than others. Your house is likely one of your most valuable assets. Most homeowners work hard to buy their homes and have put a great deal of work into it over the years. You have probably invested a lot of time, money, and work into buying and improving your home, so it is important to work with a Yorkville, IL attorney to make sure that your wishes regarding who should own your home when you pass away will be respected.
Ways to Transfer Ownership of Your Home After Death
An attorney can help you decide which method of planning for a loved one to take title to your house once you are not here to enjoy it any longer is likely to serve you and your beneficiaries best. Your options may include: