Does Placing Your Home in a Trust Affect Your Homeowners Insurance?
Does Placing Your Home in a Trust Affect Your Homeowners Insurance?
Estate planning attorneys love revocable living trusts — and for good reason. Placing your home in a trust can help your family avoid probate, streamline the transfer of assets, and give you greater control over what happens to your property after you’re gone. But there’s a conversation that often doesn’t happen in the attorney’s office: what does this mean for your homeowners insurance?
The short answer is that yes, transferring your home into a trust can affect your coverage — sometimes significantly — and most homeowners don’t find out until it’s too late. At Paradise Point Insurance, this is exactly the kind of gap we help our clients catch before it becomes a costly problem. Please continue reading at https://paradisepointinsurance.com/blog/does-placing-your-home-in-a-trust-affect-your-homeowners-insurance/
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