Surprise and Peril for Non-spouse, Joint Tenant Owners
A sole owner wants to add an owner to avoid probate. This post identifies the surprises and perils for non-spouse, joint tenant owners and viable alternatives.
Prepare deeds, affidavits and trusts for real property. Attorney is Mark W. Bidwell. To start, call 714-846-2888. Email Mark@DeedAndRecord.com. Office is in Huntington Beach, California
A sole owner wants to add an owner to avoid probate. This post identifies the surprises and perils for non-spouse, joint tenant owners and viable alternatives.
Examples of planning are; trusts, joint ownership, lifetime transfers, and revocable transfer on death deeds. No planning relies on the probate court for help
A living trust is a powerful tool to own a home. A trust avoids probate, maintains control, is flexible and can reduce taxes.
The trustee manages and distributes assets of the trust in post-death trust administration in California. A trustee of a trust has fiduciary duties to administer the trust according to the trust’s terms and California law. The trustee assumes personally liable to beneficiaries of the trust for any breach of his or her fiduciary duties. A …
Estate planning is an essential part of life. Planning ensures that your assets are distributed according to your wishes after you pass away. Planning avoids probate. Probate is the legal process by which a court oversees the distribution of your assets after your death. Probate is long and expensive. Best to avoid it if possible. …
How to co-own your home in California is a decision with consequences. What happens if you were to die or divorce is heavily dependent on this decision. Options to own are; in name only, with the right of survivorship, as a trust, or as a business entity. Transfer on Death The major distinction between these …
How to change owners of a Hawaiian timeshare. Change is needed for marriage, divorce, gifts, trusts and to add or remove a co-owner. Change is by deed. A deed is a piece of paper with the owner’s signature stating the owner’s intent is to transfer the timeshare to another person. Steps on how to change …