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Living trust eases transfer of real estate

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DEAR BOB: My aunt passed away. I am her beneficiary on her insurance policies. But she didn't leave a will. She owned a house. I am her only living relative. Is the house mine? It has a VA mortgage – Cindy B. DEAR CINDY: The fact your late aunt named you as beneficiary on her insurance policies is irrelevant. Purchase Bob Bruss reports online. Because your aunt died without a will, the state law of intestate succession where she resided determines who will receive her assets. This sad situation would not have occurred if she had a will or, better yet, a living trust to avoid probate costs and delays. As your late aunt's only living relative, you probably will receive title to her house. However, a probate court proceeding will be required. You should consult a local probate attorney for guidance in how best to proceed with your aunt's estate. If you don't act, the city or county public guardian or administrator will take control of the property for distribution. SENIOR CIT...