Home ownership remains a great source of wealth and opportunity for American families, and passing that wealth on to the next generation is important. Unfortunately, too many neglect to discuss and plan with their families about how this will happen.
The Cook County Recorder of Deeds has developed this guide on how to start planning a future for real property after the owner dies.
The guide will help walk you through the three key steps:
- Know your Status
- Develop your Plan
- Tell your Heirs
The guide also provides definitions of key terms that are used and references to helpful resources for your next steps.
Click through to the Recorder's office website for more information.