Legal Question in Wills and Trusts in California
We have a Living Trust. Buying new home that one of our children may want to li
We are selling our present home and will be purchasing an equity ownership in
a retirement community.
Would it be better to list our two children as joint owners or as Successor Trustees (beneficiaries) of a Living Trust?
Either of our children may wish to keep the property after our death.
If one of the children dies before we do, would this tie up the property?
Asked on 12/21/99, 10:58 pm
1 Answer from Attorneys
Ken Koury
Kenneth P. Koury, Esq.
Re: We have a Living Trust. Buying new home that one of our children may want t
Listing your children as joint owners is an extremely risky practice as it could subject the property to attachment by past, present or future creditors of the children.
Answered on 12/23/99, 2:14 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
