Legal Question in Wills and Trusts in New York

a married couple owns property (real estate, securities, etc.)JTROS. Can one of the parties change their will or create a new will that can take the jointly held property "out of JTROS" and will it to someone else


Asked on 9/22/09, 6:41 pm

1 Answer from Attorneys
Arnold Nager Arnold H. Nager, Esquire

No. JTROS means exactly that. The survivor inherits the property.

However, if the relationship sours, and one party is unwilling to sell, and action to partition can force a sale.

This post is not legal advice and does not create an attorney-client relationship. It is a comment on the legal question posed by the poster and should not be relied upon in any way. All readers are advised to consult an attorney to address their specific legal concerns. Additional facts could affect the answer given.

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Answered on 9/27/09, 7:54 pm


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