QUESTION
I want to put my home in trust. The goal is to live in it while alive but avoid probate after death. Can I do this myself or would I need a lawyer?
Asked on Sep 29th, 2012 on Trusts and Estates - New York
1 ANSWER
1 Award
You need a lawyer. For a primary residence, you need a Qualified Personal Residence Trust, which must be done exactly right, or else the IRS will not recognize the tax benefit.
Answered on Oct 09th, 2012 at 12:07 PM