There are three basic forms of joint ownership: Tenancy in common; joint tenancy; and tenancy by the entirety. Anyone who owns property jointly should be familiar with the consequences of joint ownership. A tenancy in common exists when two or more persons own an undivided interest in the whole property. There is no right of
Your fiduciary is an integral part of your estate plan. Who should you appoint to coordinate your affairs upon incapacity or death? Consider these questions when making the selection: • What are the responsibilities of my fiduciary? The fiduciary you select should be capable of handling the responsibilities of the appointed role. Personal Representatives and
“Probate” is the process of identifying and gathering a decedent’s assets, paying taxes, claims and expenses, distributing assets to beneficiaries and the wrapping up of a decedent’s affairs in a court supervised setting. Probate provides a means for those interested to make any claims, valid or invalid, in a fair structured process. Properly followed, it