Legal Question in Wills and Trusts in Florida
should an 86 year old widow with a paid off mortgage and a savings account put her 2 children's names on the deed and savings account , and why?
Asked on 5/04/12, 12:27 pm
2 Answers from Attorneys
Maybe, maybe not. More information is needed. Part of which is how important is it to avoid probate and the expense of it.
You may want to consider a Life Estate Deed/Lady Bird Deed for the realty, and a ITF for the savings account. But only after determining if it works for you without risk.
Answered on 5/04/12, 12:34 pm
Lucreita Becude
Lucreita D. Becude, P.A.
Listen to Richard - he's the man!!!!
Answered on 5/04/12, 2:06 pm
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