How to Avoid Probate with Two Alternatives to Joint Tenancy
Often, a homeowner adds their heir as a joint tenant owner to avoid probate. A joint tenant owner can create problems. There are better alternatives. Revocable Transfer on Death Deeds (TODD) and revocable living trusts are good alternatives to joint tenancy. Revocable Transfer on Death Deeds (TODD) A TODD does not change ownership and, as …