Vacation Property
Learn how a revocable living trust can help your family manage and transfer vacation property without probate. Explore your options with SimplyTrust.
What happens to a vacation home when the owner dies without a trust?
When a vacation property owner dies without a trust, the home typically goes through probate — a court-supervised process that can be lengthy, public, and costly for the family left behind. If the property is in a different state than where the owner lived, the family may face a separate probate proceeding in that state as well, which adds even more time and expense. Placing a vacation home into a revocable living trust during the owner's lifetime allows the property to transfer directly to named beneficiaries without going through probate at all. This is one of the most common reasons families with out-of-state or vacation properties explore trust-based estate planning.
