Smart Estate Planning: Protecting Your Real Estate Assets and Privacy

Smart Estate Planning: Protecting Your Real Estate Assets and Privacy

Are you a property owner? If you’re holding your home in your own name, you might want to reconsider. This blog delves into why this common practice could be risky and how you can protect your real estate assets and maintain your privacy.

Understanding the Risks of Personal Ownership:

Many property owners, perhaps like yourself, own their homes under their personal names, unaware of the potential risks and privacy concerns. Let’s break down why this might be an issue.

Probate Process:

If something unforeseen happens, like passing away, and your property isn’t in a living trust or a business entity like an LLC, it will likely go through probate. This process can be lengthy and stressful for your family.

Privacy Concerns:

Holding property in your name means a simple online search can reveal your home address. This is a significant privacy issue.

Steps to Safeguard Your Assets and Privacy:

Now, let’s explore how to secure your assets and privacy.

1. Inventory Your Assets:

Begin by listing your property, bank accounts, and valuable possessions. Exclude vehicles, life insurance, and retirement accounts.

2. Choose a Trustee and Beneficiaries:

Decide who will manage your trust and who will benefit from it. Also, designate a successor trustee.

3. Draft a Declaration of Trust:

Use online services like FreeWill for a straightforward process or consult an estate attorney for more complex situations.

4. Notarization:

Signing your trust documents in front of a notary, while not always mandatory, is advisable for legal authenticity.

5. Transfer Property:

Move your property into the trust by updating deeds with your trustee’s name.

6. Flexibility to Change:

You can alter or revoke your trust as long as you are mentally competent. This is done through a trust amendment or a revocation document.


By following these steps, you can ensure the safety of your assets and maintain your privacy. Estate planning may seem daunting, but it’s a crucial step in securing your legacy and protecting your loved ones.

Want to learn more about protecting your real estate assets? Stay tuned to our blog for more insights and strategies in estate planning and asset protection.