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I am currently looking at changing my will and possibly creating a trust. From what I have read a trust may be the correct vehicle to have in my case.
I have 2 grown daughters 25 and 23 and no spouse.
Besides my savings and 401K and stocks I am 50% partners in 7 rental properties in New York State. I reside in New Jersey and I am under the impression that since the real estate is in another state a Living Trust would be best to help that portion evade probate? Am I correct on this assumption?
I have looked into using Legal Zoom for this but cannot find the information that would make me comfortable enough that it is done correctly.
Is this something to look into?