Greg Turza 5-17-17

Greg told about an interesting case of a husband who had a living trust but his wife did not. She died first. They had no children.

They had property in both IL and WI. The IL property was 1/2 owned in his trust. Wife owned 1/2 with no trust. The WI property was owned “as husband and wife” which meant “tenancy in common” with no right of survivorship. The wife’s 1/2 had to go through probate to settle. Both properties eventually were put into his trust with Greg’s help working with a title company.

Give Greg a call before a loved one dies to set up a plan to keep assets out of probate and make distribution easier after death.

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