Can I name someone as my benificiary on the deed title to a house I own and thereby eliminate probate on the property at my death?
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Can I name someone as my benificiary on the deed title to a house I own and thereby eliminate probate on the property at my death?
Asked on December 12, 2011 under Estate Planning, Florida
Answers:
Hong Shen / Roberts Law Group
Answered 12 years ago | Contributor
There are many ways to accomplish this. You can create a trust for yourself and that person. You change the title to give yourself a life estate and remainder to the beneficiary. You can hold the title as joint tenancy with right of survivorship with the beneficiary. All these processes will take the house out of the probate process. You should consult an estate planning attorney to find out which one is more suitable for you.
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