Legal Question in Wills and Trusts in Florida

Re: Transfer on Death Law

In Florida, stocks, real estate, bank accounts and other assets may be held or titled in two names with a right of survivorship so that title to the asset will automatically pass to the surviving person upon the other persons death. How assets are titled is only one part of proper estate planning. If you have any specific questions you should contact a local attorney.

How to Transfer Property on Death w/o Probate

Q. May Florida's Transfer on Death laws be used for assets other than securites, i.e., real property, money market account assets, etc.?

A. Yes. You can have another name added to the account with survivorship rights. For real property you can add additional names and clearly state it is with survivorship; you can create a life-estate with remainder to your beneficiary[ies]; you can create a land trust and nominate a sucessor trustee to take over upon your death.

You need to be aware of the benefits and drawbacks of each and pick the one that accomplishes what you desire with the least downside to you.