Estate Law Questions? Ask an Estate Lawyer.
I hope this message finds you well. I am a licensed attorney with over a dozen years of experience handling matters of this nature. It is a pleasure to assist you today.
A trust is the best way to avoid probate, should something happen to him. You can look at land trust, but you may also want to look at a revocable trust, with you as the trustee/beneficiary of the trust. The revocable trust allows your father to terminate the trust if he needed to while he is alive if he needed to liquidate the property for money. Of course, if he passes and has not revoked the trust, then the property in the trust passes to you. The revocable trust also has the benefit of putting other property and assets into it as well...whereas a land trust would be strictly related to the property.
So, I would recommend looking into a revocable trust. It will allow you to do what you guys desire with some flexibility as well.
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Thank you and best wishes!
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Just checking to see if you have any additional questions or concerns. I want you to be as comfortable as possible as you move forward. Best!