Inheriting a house can be an emotional and complex experience. You may be grieving the loss of your loved one, and the house may be a benefit or a burden. But you must decide what to do now that you inherited a house.
Here are a couple of steps you may want to take next after you inherit a house:
You most certainly want to work with your experienced estate planning attorney. Especially if you inherited a house and plan to keep it.
One part of an estate plan includes a will or trust. This is a plan of how to distribute your assets after you are gone. Whether this is your only house or an additional home, you want to ensure it’s included in your estate plan.
Now is the perfect time to update your entire estate plan. Review beneficiaries, update your assets, and make sure you still want to distribute your assets as designated in your will or trust.
An experienced estate planning attorney can help you through the probate process of inheriting the house. They can also help you update your will or trust to include the newly acquired home and understand how it impacts your current estate plan.
Do you have questions about inheriting a house? Contact us today at the Estate & Probate Legal Group at 630-864-5835. Our experienced attorneys understand the laws and can advise you on the best options for including the new house with your estate plan.
Areas we serve: Cook, DuPage, Kane, Lake and Will counties.