Avoid Probate With Joint Tenancy

Summary

Adding your childs name to your property title in florida can avoid probate through joint tenancy with right of survivorship. However, it may expose the property to your childs creditors if they are sued. Consulting a local attorney can help ensure proper structuring and explore options to protect your assets.

Full Conversation

Yes
Certainly! Joint tenancy with right of survivorship ensures that when one owner passes away, the property automatically transfers to the surviving owner(s), avoiding probate. This can be applied to both real estate and vehicles. Consulting with a legal professional can help you structure this correctly.
I was told by lawyer that it was best to just sign title of certificate and let them decide what to do with property.
It seems like you're considering adding your child’s name to your property title in Florida. Here are some points about joint tenancy with right of survivorship:
- Automatically transfers property to surviving owners, bypassing probate.
- Must be properly structured for legal validity.
- Consult a legal professional to ensure the title reflects joint tenancy accurately.
Would you like more details on how to proceed?
Yes
Case Rating: *
Adding your child to your property title as joint tenants with right of survivorship can simplify inheritance but requires careful legal structuring. Consulting a local attorney can ensure the proper setup and avoid future complications. If you have more questions about this process, feel free to ask!
If I add their name now while I'm still alive and someone sues them can I lose everythinhg.
Case Rating: *
Adding your child's name to your property title may expose the property to their creditors. If they are sued, their share of the property could be affected. Consulting a local attorney can help you understand the implications and explore options to protect your assets.