If I add my 3 adult children on the title to my real estate as joint tenants, will that help to avoid probate?
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If I add my 3 adult children on the title to my real estate as joint tenants, will that help to avoid probate?
Do I need to hire an attorney or are there simple forms I can fill out to accomplish this? My children are co-signers on my checking and savings accounts. I have no stock or other investments and I own my home free and clear.
Asked on October 29, 2014 under Estate Planning, Arizona
Answers:
Anne Brady / Law Office of Anne Brady
Answered 10 years ago | Contributor
Putting your children on your title as joint tenents will help avoid probate only if they are listed as joint tenants with rights of survivorship.� The best way to avoid probate is to establish a revocable living trust with your children as beneficiaries and put the house in the name of the trust.� Same with the bank accounts -- make them pay on death accounts.
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