My husband and I are in the process of selling our current home, and will be buying a bigger home that we'd love to get set up under a living trust. My parents told me a few years ago that they went to the local court to put their house in a living trust to make it easier on my brother and myself to do what we want with their house whenever they pass away. I'm hoping to do something similar with the house that we're about to buy.
Do we need to set up a trust first before the home purchasing process? Or would it be easier to do after the fact of buying?
We're also planning to start a family within the next year and want to start setting aside money in revocable trusts for our future kids. What is the bare minimum to get started on this process?
I believe my company offers a discount on services with Rocket Lawyer. Has anyone experienced working with them, would that be sufficient to get started?
original posted by d3ut1tta to r/personalfinance on Tue, 05 Mar 2024 03:40:48 GMT.