Category Archives: Creditors

Article illustrates the danger of joint ownership: son’s creditors took his mother’s life savings

Many, many people use joint ownership as a cheap, do-it-yourself method to avoid probate or hiring an attorney to draft an estate plan. Unfortunately, it often has consequences that may not be apparent until it’s too late. For example, joint ownership can expose both parties to claims from one of the owner’s creditors, which is…

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