Nick PerryFounder and CEO of 7 Figure Cartel

Never Move Into a New House Without Sorting These Five Things First — They'll Haunt You in Probate

4 Jul 2026 · 1 min

Watch on YouTube

0:49

Nick Perry explains five estate-planning steps new homeowners must complete before moving in: retitle the property into a revocable living trust, establish a pour-over will, set up a financial power of attorney, update beneficiary designations on retirement accounts and life insurance, and confirm home insurance covers full reconstruction. Skipping these leaves your home vulnerable to probate battles and financial loss.

Chapters

Never ever move into a house you just closed on without sorting these 5 things out. Otherwise, they will bite you in the butt when you go to probate court. Number 1 is a revocable living trust. Make sure to retitle your home into it so that you never go into probate in the first place. Then 2 is a pour-over will. This is the safety net for your safety net. So if you forget to move anything like bank accounts into the trust, it still ends up there after it clears probate. Then 3 is a financial power of attorney. So if you're incapacitated, your wife or mother can manage your money without a court order. Then number 4, which is to update your beneficiaries on your 401, IRA, and life insurance, because if you don't, your will could get overridden and your assets passed to the wrong person. And finally, make sure your home insurance covers rebuild costs, not just your dwelling costs, because if your house burns down, let's just say you will be in a heated situation.