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Wills and trusts lawyer Lisa Haster discusses the misconception that your home will automatically pass to your children when you die. Additional steps such as filing a transfer on death deed or retitling a home into a trust is necessary to achieve this result. Failing to retitle the home will cause a probate action which can cost tens of thousands of dollars and two years or more of court involvement before your children can access the home. All the while, they will be paying upkeep, insurance and taxes. To receive a copy of Attorney Haster’s free report go to www.yourwillattorney.com
