It is important to complete your estate planning by titling your assets to work with your estate plans and not against them.
Today, uncertainty pervades our lives and the sense of our mortality is undeniably evident. Many people are taking the opportunity to review and update their estate plans as preparation for what lies ahead. This is a good thing. Unfortunately, estate plans can be tripped up by not paying attention to how assets are owned. Not only can this oversight result in additional cost to your estate but it can also lead to assets passing contrary to your wishes. Let’s look at two examples of potential mischief.
Mistitling assets can have negative ramifications aside from the examples above. It is important to complete your estate planning by titling your assets to work with your estate plans and not against them.
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