by Lillian Cazacu | Mar 16, 2017 | Notarizations, Real Estate
While Joint tenancy works great in a marriage situation, when adding a child on title – it can create various complications: Capital Gain & Income Tax Burden (The 50% interest in the property transferred to a child is deemed to have been sold at its fair...
by Lillian Cazacu | Jun 1, 2015 | Agreements, Estate Planning, Real Estate
Part 4 of a 4 part series: Joint Tenancy can be a very efficient Estate Planning Tool, but beware of its traps! Make sure you consult a Notary Public before making any decisions regarding Joint Tenancy. Probate Fees One of the common statements my clients...
by Lillian Cazacu | May 21, 2015 | Agreements, Estate Planning, Real Estate
Part 3 of a 4 part series: Estate planning decisions are very important but are not always simple. Using joint tenancy to avoid probate fees can sometimes bring complicated problems. They may have been told that it is a good idea to add their child or all of...
by Lillian Cazacu | Apr 20, 2015 | Agreements, Estate Planning, Real Estate
Part 2 of a 4 part series: The importance of Joint Tenancy in the Estate Planning & Real Estate matters – Joint Tenancy,Tenancy In Common and preparing your will. Last month, our topic was the three types of property ownership and how each of them have...
by Lillian Cazacu | Mar 31, 2015 | Agreements, Estate Planning, Real Estate
Joint Tenancy and other types of Property Ownership (Joint Tenancy, Tenancy in Common and Tenancy in Entirety) When clients come to me to discuss estate planning or when they buy a property together with their spouse or other person, one of my first questions...
