Today's question has to do with a trust owning property in multiple states or
how can a trust own property in multiple states I recently got a call
from a potential client who lives here in Wisconsin in the summer but lives in
Florida for six months in the winter she met with a Florida Attorney who told her
she could form a Florida trust and transfer both her Florida residence and
her Wisconsin residence into the trust that's correct and it is one of the great
things about the trust I explained to her that this would help her avoid
probate in two states instead of dying with the will and leaving a probate
estate in Florida for her house there and another probate estate in Wisconsin
for her home here she can form this Florida trust and deed both properties
into the name of the trustee holding the property on behalf of the trust that way
she avoids both a probate in Florida and in Wisconsin easing the
administration of her estate following her death her question for me was how
she would do this I advised her to wait until she has that Florida trust formed
then give me a call and I'll help her transfer her Wisconsin property via deed
into the name of the trust it can be done the same in reverse if you had a
Wisconsin trust and wanted to put a Florida property in and that's the great
thing about revocable living trusts they're a flexible way to avoid probate
in many states great question and thanks for asking
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