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Putting properties into trust
Can someone give me a brief about pros and cons of putting properties into a trust.
I heard it can save your property when someone is trying to sue you , and save the hassle of probate when both couple passed away so that kids can inherit them quickly .
whats the process of doing this if we decide this path.
setting up trust first then transfer each house into it by filing a deed at each state , county?
anything special about mortgage or tax?
TIA