Mortgage contract for sale of real estate property with a pen and house keys by EKKAPON from Adobe Stock Images This is not a substitute for legal advice.  See here  for the site’s reposting policy Introduction: Many farmers own their property with their spouse in a tenancy by the entirety. The manner in which property is titled will determine the ease with which each partner can transfer their interest in the property. Assets with this form of the title will pass automatically to the...

Attorney signing a legal document generated by AI created by Worakit from Adobe Stock This is not a substitute for legal advice.  See here for the site’s reposting policy Table 1: Types of Possible Trusts Type of Trust Definition Uses Testamentary Trust one created under the terms of a will and only comes into effect upon the death of the testator Created upon death subject to probate and court supervision assets in a testamentary trust are distributed according to the terms set forth...

Image of gifts wrapped by AxsDeny from Flickr This is not a substitute for legal advice.  See here for the site’s reposting policy Introduction: One way to minimize the cost of your estate is through gifting. A gift  is a voluntary transfer of property from a testator to a grantee. Gifts may be a lifetime gift or a deathbed gift. A lifetime gift  is made during a testator’s lifetime and may include a simple cash gift or a promise for future interest in a property. Lifetime gifts allow a...