When a couple owns a home in Joint Tenancy with right of survivorship, does it matter if the home goes into the wife's trust or the husband's trust when each is named the successor trustee of each other's trust?
You can either name the trust as beneficiary or retitle the account to the name of the trust. Yes, also applies to investment accounts. They have a transfer on death process.
When a couple owns a home in Joint Tenancy with right of survivorship, does it matter if the home goes into the wife's trust or the husband's trust when each is named the successor trustee of each other's trust?
you need to get your license to practice in South Carolina. Or at least, get a colleague that you can recommend.
I have 2 questions concerning paragraph #2, “Funding The Trust”: where it says the trust should be named as beneficiary of the bank account.
1. Should the account also be titled in the name of the trust?
2. Does this also apply to investment accounts
Thank you!
You can either name the trust as beneficiary or retitle the account to the name of the trust. Yes, also applies to investment accounts. They have a transfer on death process.