Right of Occupancy Trust
Right of Occupancy Trust Trust Attorney The goal of estate planning is to safeguard you and your loved ones. When a loved one who may need more help after your death is present, this can occasionally be a challenging task. Even though you might want to give this person everything you have, you might not want to do so at the expense of other people you care about. You can prepare for this situation as it relates to property use and ownership by establishing a right of occupancy trust. What is a right of occupancy trust? You can choose a beneficiary to live at your home or utilize another piece of property for a predetermined amount of time, or until the beneficiary passes away or vacates the property, using a right of occupancy trust. What issues can a right of occupancy trust handle? It’s crucial to consider these issues before putting this method into action to make sure that your Is the real estate’s tangible personal property — such as the furniture, appliances, trinkets, etc. — inc...