It is not uncommon for me when I meet with clients that the discussion about Joint Tenancy comes up as a less expensive alternative to creating an Estate Plan in the form of a Living Trust or a Testamentary Will.
Placing Real Estate into Trust</h3>
When I have a client or clients who own real estate, in addition to listing the real estate on the Schedule of the Trust, it’s imperative to re-title the property from the owners name(s) into the name of the Family Trust, and to have the deed recorded.
What happens when mom and dad have passed away and the Family Trust still holds title to real estate contained in the Family Trust? When mom and dad set up their Family Trust they placed or should have placed, their real estate holdings into Trust.