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Utah Warranty Deed to Child Reserving a Life Estate in the Parents Form

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Utah Warranty Deed to Child Reserving a Life Estate in the Parents Form

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add one of the kids to your house and lose your house my name is philip bruce i'm a minnesota state planning attorney and frequently during planning meetings we'll have folks who who will suggest and they're correct that if they add one of the kids to their house that house will go to them directly at death and not have to go through probate as long as it's joint tenants with right of survivorship as long as you own it joint tenants that is an accurate statement if i die and i've named my daughter as owning the house as a joint tenant with me she will get the house probate free but there's three things that cause problems here which is why we never recommend this it's actually true this used to be a pretty common estate planning technique to avoid probate it's just fallen out of favor because of this first off i have homestead protections on my home if i own a house and i live there if someone sues me if i'm if i d

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