Using a DIY deed to add children or others as joint property owners with survivorship rights may seem like a quick way to bypass probate, but it can lead to significant complications. When property has joint ownership with survivorship rights, the surviving owners automatically inherit the deceased owner's share, avoiding probate. However, mistakes in DIY deeds can make this process invalid, resulting in unintended heirs or costly probate.
The Risks of DIY Deeds
Creating a deed on your own or using a generic online template may not meet your state's legal requirements. Without precise legal language, property may not transfer as planned, and heirs could face probate or unintended recipients of the property. Errors discovered after death typically cannot be corrected, leading to probate, legal fees, and delays.
Consult an Estate Planning Attorney for Safe Probate Avoidance
For a seamless transfer of property and to avoid probate, consult an estate planning attorney familiar with your state's laws. An attorney can ensure that all legal requirements are met, discuss tax implications, and recommend alternatives that may better fit your needs. Avoid the pitfalls of DIY deeds—contact us to create a probate-avoiding estate plan tailored to your goals and protect your loved ones.
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