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Tag Archives: joint ownership

Is It Better to Use Joint Ownership or a Trust to Pass Down a Home?

      When leaving a home to your children, you can avoid probate by using either joint ownership or a revocable trust, but which is the better method?    If you add your child as a joint tenant on … Continue reading






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Three Reasons Why Joint Accounts May Be a Poor Estate Plan

Many people, especially seniors, see joint ownership of investment and bank accounts as a cheap and easy way to avoid probate since joint property passes automatically to the joint owner at death. Consider these three potential drawbacks before signing on the dotted line.






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Posted in Estate and Trust Administration, Estate Planning, Guardianship, Long-Term Care Planning, Medicaid, Probate Litigation, Uncategorized, VA Benefits | Tagged , , , , , , , , , , , |

What Are the House Ownership Options When Parents and Adult Children Live Together?

Increasingly, several generations of American families are living together. According to a Pew Research Center analysis of U.S. Census data, more than 50 million Americans, or almost 17 percent of the population, live in households containing two adult generations. These multi-generational living arrangements present legal and financial challenges around home ownership.






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Posted in Estate and Trust Administration, Estate Planning, Guardianship, Long-Term Care Planning, Medicaid, Uncategorized, VA Benefits | Tagged , , , , , , , , , , , |

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