Probate is generally a very good thing to avoid. Joint tenancy is sometimes touted as a cheap and easy way to do this. However, it is not a "fix" that… Read More »
Posts Tagged: joint tenancy
The Perils of Joint Tenancy
While joint tenancy is not necessarily to be avoided at all times and at all costs, it is very important to understand its ramifications. He (or she) who puts other people on title to assets for probate avoidance/estate planning purposes may be making a huge mistake. Joint tenancy costs very little at the front end, but it exposes your back end to some very unpleasant possibilities.