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What if I create a joint tenancy with my child?

By March 16, 2015

This is a disadvantageous way to plan an estate. The problem with putting your child’s name on the title to your property as a joint tenant is that while it will avoid probate, creditors of the child will be able to reach the joint tenancy property. It may also create a taxable gift when none is expected, and may not be consistent with your ultimately desired distribution.