What is not Controlled by a Will?
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
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Home • Title transfers • joint ownership
While a will is one of the most important estate planning documents you can have, there are things that a will won’t cover.
If a child you’ve added to your deed goes through a divorce, has tax issues, is sued by someone, or must declare bankruptcy, your house could be on the chopping block!
Even Consumer Reports suggests working with an experienced estate planning attorney to make sure documents are correctly prepared.
Would your loved ones have necessary access to your bank accounts after you die to help carry out your last wishes and handle arrangements?
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Estate planning is a cornerstone of any healthy financial plan, but it can be difficult to discuss.
Your estate plan isn’t finished just because your attorney has drawn up a will. Proper asset titling is the next step.
My mom wants to leave her house to me, since I’m the only girl. My brothers may try and contest this in probate court. What can my mom do to be sure I receive ownership of the house upon her death?
My idea: put our accounts in my wife’s name and put the land in our children’s names. The way I figure it, when something happens to me, they won’t need to do any of that courtroom mumbo jumbo that costs a few thousand dollars. What’s your take on the workaround idea?
Unlike personal property, real property–such as real estate or automobiles–is titled to convey ownership.