Legal Question in Real Estate Law in Florida
Can a married couple take title to a non-homesteasdl property as Joint Tenants in trust for the children without an formal Trust set up?
Asked on 3/29/10, 10:10 am
2 Answers from Attorneys
David Labovitz
Labovitz Law Firm, P.A.
No. The nature of joint tenancy is that the property goes to the surviving joint tenant upon the death of one of the joint tenants. If you want trust provisions and you want to leave the property to your children subject to the provisions of the trust, then you need to set up a trust.
Answered on 4/03/10, 4:43 pm
Lesly Longa
Longa Law P.A.
No. Contact an estate planning attorney. Regards,
Answered on 4/05/10, 1:45 pm