The Perils of Joint Property

The Perils of Joint Property

People often set up bank accounts or real estate so that they own it jointly with a spouse or other family member. The appeal of joint tenancy is that when one owner dies, the other will automatically inherit the property without it having to go through probate. Joint...
Tell Me a Little About Trusts

Tell Me a Little About Trusts

Who are the parties in a trust?   There are only three parties to a trust, and that’s all you need to know: 1)         Trustor: This refers to the person who created the trust and put their assets into it (think “creator”). 2)         Trustee: This is the person whom...