Probate is one of the most complicated and dreaded aspects of dividing a family member's estate. And transferring property deeds can be especially stressful. Creating an affidavit of survivorship or transfer-on-death deed can help you or your loved ones avoid probate.
Call Gregory S. Thibodeau, Attorney At Law, P.A. in Faribault, MN to learn more.
An affidavit of survivorship is a sworn statement by a property owner stating that they're taking ownership of the property after a joint tenant passes away. This means that you could take ownership of your home if your name is on the title and the other property owner passes away. In the past, this was the only way to transfer property automatically.
A transfer-on-death deed is different. This new system makes it easy to pass on property to your loved ones. Creating a transfer-on-death deed will allow you to: