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A Better Partnership

Publications

Nov 2019
25
November 25, 2019

Estate Planning Focus - Fall 2019



From the Practice Chair
Many people believe that adding a child's name to the deed of their home will simplify their affairs, but often it makes things more complicated. If you add your child's name to your home, this strips you of sole control to sell or otherwise deal with the property, and it makes your property accessible your child's creditors, causing vulnerability in instances such as divorce, bankruptcy or legal disputes. It might also mean that this child will inherit the property at your death, to the exclusion of your other children. The manner in which you hold title to property should be reviewed as part of your overall estate plan.

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