Becoming a homeowner is a huge achievement—but it’s also a major responsibility. For many people, it’s the moment when the idea of estate planning goes from “someday” to “right now.”
If you own a home and don’t yet have a will, it’s time to start thinking about one. Here’s why it matters—and what you should know.
Your Home Is Part of Your Estate
When you pass away, your estate includes everything you own—and everything you owe. That means your home and your mortgage are part of the equation.
If your name is the only one on the title or mortgage and there’s no will in place, your loved ones could face a lengthy legal process to sort things out. A valid will helps make sure your wishes are followed and your home can be passed on (or sold) without unnecessary delays or added stress.
How Your Home Is Owned Matters
Not all ownership is created equal. Whether your property is held as:
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Sole ownership
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Joint tenants
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Tenants in common
...can affect what happens when someone passes away. For example, joint tenancy usually means the surviving owner automatically inherits the property—while tenants in common does not.
If you're not sure how your title is registered, I can help you find out—or point you to someone who can. It’s a small step that can make a big difference.
Insurance: The Other Safety Net
A will outlines your wishes—but life insurance helps provide the means to carry them out. Whether you have mortgage life insurance or personal coverage, it’s important to review your policies regularly to make sure they’re still aligned with your needs.
If something happens to you, would your loved ones be able to stay in the home without financial strain? If you’re not sure, it may be time to re-evaluate your coverage.
It’s Not Just About Real Estate
Even if you don’t have a lot of assets, a will helps your loved ones avoid confusion, delays, and unnecessary legal costs. It gives them peace of mind—and clarity—during a tough time.
Anyone over 18 should consider having a will. But for homeowners, it’s especially important.
Let’s Make a Plan
If you’ve recently purchased a home and haven’t yet created or updated your will—or reviewed your insurance coverage—let’s talk. I can help you find the right professionals to support you.
Owning a home is an investment in your future. Let’s make sure it’s protected.