As mentioned above, the main advantage to entering a joint tenancy is that ownership is passed to the surviving tenant if one passes on, avoidingprobateeven without a will in place. Another benefit is that neither party in the ownership needs to be married or related. If the parties are not...
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If the property were owned in joint tenancy by unmarried persons, the remaining owner or co-owners would also avoid the probate process, although they would need to claim the inherited property as a gift. The automatic transfer of ownership to your co-owners, as outlined above, is referred ...
Joint property is any property that's legally held in the name of two or more parties. This can be accomplished in a few ways but it's not without risk. more Annulment: Meaning and Comprehensive Guide to Legal Grounds and Process
This topic has been of great interest for several years, and we have been waiting for additional information to elucidate the matter, which could manifest in several ways: Ancient pre-contact DNA samples of haplogroup O in the Americas, but none have been found. Current haplogroup O testers in...
A living trust is created during the trustor's lifetime, and, usually, the trustor is also the trustee, which allows the trustor to continue to control and benefit from the assets. The main purpose of a living trust is to avoid the time and expense of probate. Upon the death of the ...
In 2021, I will begin anew with content from my current estate administration, which was set up to avoid probate. So, the new content will provide information on how well probate avoidance works and is a much better option than a formal probate procedure. ...