The Importance of Estate Planning for Senior Homeowners

While it’s never too early to create a will or estate plan, it becomes especially important once you own a home—particularly if you’re over 55.

Without clear legal instructions, decisions about your property could be made by the state, not your family.

📜 No will or trust? State law decides who inherits your home.
🕒 The probate process can be long, expensive, and emotionally draining for your heirs.
💬 In rare cases, your property could even go to the state if no heirs are found.

If you haven’t made a plan yet, start by asking:
🔐 Would placing your home in a trust help your heirs avoid probate?
📑 Is a “transfer on death” deed available in your state? What are the pros and cons?
💸 Could your beneficiaries realistically afford the mortgage, taxes, or upkeep?
🏷️ Is your home title current—especially after refinancing, name changes, or ownership adjustments?

Asking these questions now and getting a plan in place can help you protect your legacy and prevent confusion, delays, or disputes down the road.

As a Seniors Real Estate Specialist®, I work with clients over 55 every day—and I see just how important it is to have a plan for what happens to your home after you’re gone. If you’re ready to take the next step, I have a trusted network of estate planning attorneys I’d be happy to refer you to.

Believe me, your family will thank you.