The Recorder of Deeds latest public outreach campaign – Property After Death – has proven to be so popular that Recorder of Deeds Karen Yarbrough has decided to make it even better by hosting an annual event around the issue of estate planning and avoiding probate court. She is seeking attorneys, vendors and service agencies from the public and private sector to be a part of this free event.
The “Property After Death Seminar and Vendor Fair” will be held on Saturday, September 17, and vendors and interested residents can visit CookRecorder.com/Annual-Event to pre-register and access the informational brochure.
The informational program breaks down the estate-planning process into 3 steps: Know Your Status; Develop Your Plan; and Tell Your Heirs. At the presentation, residents will learn how to find out if their home is held in joint tenancy and what that means, available options to create a plan, and encouragement to share the planning process with loved ones to ensure everyone is on the same page. Attendees also learn about reverse mortgages, and the most common ways people misunderstand them.
Though the program covers the most widely known options like a Will and Trust, those who attend will also learn about a relatively new and affordable option that ensures the homeowner’s real property does not get stuck in the probate process: the Transfer on Death Instrument. For the cost of recording one document (around $50), homeowners can make their intentions for their home clear, thus removing the property from their estate and helping some families completely avoid the costly and uncertain probate process.
“We always hear that people are reluctant to address end-of-life planning decisions because they are uncomfortable with their own mortality, but I’ve seen hundreds of people in recent months attend our events, and every event we hold results in invitations for more,” said Karen Yarbrough, Recorder of Deeds. “With some high profile battles over celebrity estates like James Brown, Ernie Banks and Prince, more people than ever are realizing the importance of making our wishes crystal clear while we are alive.”