My question involves estate proceedings in the state of: Florida
Two people buy a house and each pay 50%. They don't want to get married. How can they protect their investment from next of kin should one die?
My question involves estate proceedings in the state of: Florida
Two people buy a house and each pay 50%. They don't want to get married. How can they protect their investment from next of kin should one die?
You register the deed as joint tenants with right of survivorship If one tenant dies the property goes to the other tenant(s).
And by making a will that spells out the disposition of personal property.
And by listing a beneficiary on accounts.
The other thing you need to be clear with your co-owner is that they should not do anything to break the joint tenancy. Just because the deed was granted JTWROS doesn't mean one party can't unilaterally change things.