Adding Your Child to Title of Your House Deed

Should You Add Your Child to Title or House Deed to Avoid Probate? The simple answer is no. First, let’s discuss why many of you are considering adding your child to title. Someone, perhaps an estate planning attorney, has told you that when you die, your assets go through probate. There are certain assets that will avoid the probate process, including: 1) assets that are held in a trust, 2) assets with a pay-on-death beneficiary, and 3) assets held in joint tenancy. Many homeowners want to avoid the cost of estate planning. One solution presented on the internet and by realtors is adding your child to title as a joint tenant. Thus, when you pass away, that property will be transferred to your child without any probate. Sounds good, right? Not so fast. This video goes through a list of issues that you and/or your children may face down the road by adding your child to title. For more about adding your child to title or your house deed visit: https://modernwealthlaw.com/adding-yo... FOLLOW US ON SOCIALS Facebook -   / modernwealthlaw   Instagram -   / modernwealthlaw   TikTok -   / modernwealthlaw