Most married couples own their home through joint tenancy with rights of survivorship or tenancy by the entirety, which for our purposes boils down to the same thing: when one of the owners dies, the surviving owner will automatically take over the deceased owner’s ownership interest. If you own your home in joint tenancy with right of survivorship, you will automatically have the right to sell your home without taking any further action to transfer the property into your individual name prior to sale.
Many attorneys offer both free consultations and paid consultations, depending on what you are trying to accomplish. The key to understanding the difference, is that generally attorneys will not give legal advice without being first hired by the client.
This article is the fourth in a series of nine articles explaining the Eight Goals of a Good Estate Plan. In this Article we will discuss using Powers of Attorney to avoid the necessity of lengthy and costly guardianship proceedings if you become mentally incompetent.
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