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Teri Monroe

Could Joint Ownership Cost Your Heirs More Than Probate?

joint ownership — Image Source: 123rf.com

Many retirees add children or spouses as joint owners to simplify transfers. It feels like an easy way to avoid probate. But joint ownership can cost heirs more than the very process it was meant to skip. From taxes to family disputes, the risks are often overlooked. Could joint ownership actually cost more than probate itself?

The Appeal of Joint Ownership

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