by Cassandra Jones

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October 26, 2012
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Make your own plan to pass your values

One of the biggest legal fallacies that I see clients hold is the belief that if they die, all of their assets go to a certain person automatically. Most assume that if they are married, that their assets will go to their surviving spouse. Absent a will or trust, however, that statement may not be true.

Property owned in joint tenancy will go to the other owner no matter who that owner is - whether it is a spouse, sibling, or child. Many hold their homes and bank accounts in joint tenancy. If you hold property like that, then you …

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The Record Courier Updated Oct 26, 2012 05:52PM Published Oct 26, 2012 05:51PM Copyright 2012 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.