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Tag Archives: joint tenants with right of survivorship

Joint Property Ownership: Worth the Risk?

6 Dangers of Joint Property Ownership

By Andre O. McDonald |

In an effort to avoid the some assets passing through the probate process, some people often set up bank accounts or real estate so that these assets are owned jointly with a spouse or other family member. The appeal of joint property ownership is that when one owner dies, the surviving owner will automatically… Read More »

How to Avoid Probate Costs in Maryland

3 Simple Ways to Avoid Probate Costs in Maryland

By Andre O. McDonald |

The bad news: not only does probate take forever, probated estates are subject to a variety of costs from attorneys, executors, appraisers, accountants, and courts. Depending on the complexity, probate costs in Maryland can run into tens of thousands of dollars. In Maryland, attorneys’ fees and executors’ fees are regulated by state statute; the final… Read More »

Owning Property as Joint Tenants with Right of Survivorship: Worth the Risk of Disinheritance?

Warning: If You Own Property This Way, You May Accidentally Disinherit Your Own Children

By Andre O. McDonald |

Owning property as Joint Tenants with Right of Survivorship is easy, common, and often disastrous. Sadly, children – both minor and adult – are often disinherited. While there are several forms of joint ownership, the one most people use (and the one considered in this blog) is called Joint Tenants with Right of Survivorship. When… Read More »

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