I am sorry to hear that your husband passed away. Putting the properties in a trust is usually the best approach. Adding children on title can create many problems including their not receiving a stepped up basis, your liability for their potential debts and your loss of control of the properties. For this reason, we often strongly advise clients to set up a living trust and place their properties within the trust. This avoids probate and provides significant other benefits. But there are other...
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