Legal Question in Wills and Trusts in California

Are my joint tenancy with rights of survivor rights lost when title is transfere

Are my joint tenancy with rights of survivorship lost when title is transfered to a family trust?


Asked on 6/28/05, 4:16 am

3 Answers from Attorneys

Michael Olden Law Offices of Michael A. Olden

Re: Are my joint tenancy with rights of survivor rights lost when title is trans

the purpose of the trust covers so many other aspects that the loss of joint tenancy rights, which i never do or recommend, is inconsequental and therefore moot --- ask your attorney the effect and if you are doing this yourself you are not capable given the question you asked to know the proper clauses which are necessay, tax sensative, optional in whcih you may need --- get an attorney

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Answered on 6/30/05, 12:52 pm
Ken Koenen Koenen & Tokunaga, P.C.

Re: Are my joint tenancy with rights of survivor rights lost when title is trans

Yes ... the terms of the trust now takes over.

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Answered on 6/28/05, 8:32 am
Donald Field Donald L. Field, Jr., Attorney at Law

Re: Are my joint tenancy with rights of survivor rights lost when title is trans

yes.

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Answered on 6/28/05, 2:05 pm


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