Jerry Taylor explains where to establish a revocable trust, used by 95% of people. Create it in the state where you live more than six months a year, or where you own the most property if that's unclear. One trust can hold assets across multiple states.
Someone asked the question about where they should create their trust. In what state should they create their trust? What's the best state? We're talking about a revocable trust here. So this is, you know, the most common type of trust, the one that 95% of the people have when you hear that someone has a trust. And generally speaking, that type of trust you want to create in whatever state you deemed to be your residence, where you have your home, where you live most of the time, you know, greater than 6 months out of the year. And the state in which, you know, the next level would be the state in which you own the most property. That doesn't mean that you can only own property in that state to have a trust. You can have property in as many states as you want. You can have one trust to handle all of them. But you create that trust in the state that you believe that is your residence, where you deem your residence.
comment workshop.free still need plan to keep people out of court. learn how to in less than an hour
