When you are looking for estate planning in Coral Springs, experienced attorneys will be able to help educate you on the different types of deeds available and how they will affect your affairs.
For example, estate planning in Coral Springs involving real estate that is jointly owned by a couple will automatically go to the survivor after one of them passes away. In this case, property will need to be legally labelled with a deed that indicates the property is owned with right of survivorship and will pass to the survivor after one of the owners passes away or as tenancy by the entirety for married couples.
However, if the property is owned by additional people, your estate planning attorneys will need to ensure that the deed says that the property is owned with tenants in common. It is important to note that property where it is indicated that people own as tenants in common, will pass through the probate process, where it will be a matter of public record.
Your estate planning attorneys in Coral Springs will also be able to tell you about life estate deeds, which is where an owner of a property can sign a legal document holding a life estate in the property and transferring the property title to a named beneficiary after the owner passes away. This procedures helps the beneficiary of the property avoid the probate process.
When looking at your affairs, estate planning attorneys in Coral Springs will not only look at determining what type of deed you need for your property, but will also examine the relationships between the owners of the properties. Estate planning can be complex and it is always wise to have experienced and knowledgable estate planning attorneys creating a plan for you and your family.
It is never too early to make sure you have the correct deeds for your property and that estate planning attorneys in Coral Springs make sure your desired plan for your assets are legally represented. We want your family taken care of after you are no longer here.