How do I Include Rental Property in My Estate Plan?
An estate plan should address all of your assets. For many people, this is very simple because the main assets in the estate (which are put into a trust) consist of a residence, financial accounts, and personal property. Beneficiary types of accounts (such as annuities, life insurance and retirement funds) normally do not need to be included in living trusts. But those who invest in real estate need to give some thought to it..
First, remember that a primary goal of estate planning is to save your family the trouble of going to probate court when you pass away.