How Property is Titled Determines How it is Transferred at Death
A critical step in the development of an estate plan for a particular client is to determine how each client holds title to their assets. The answer to this question will significantly impact how assets are transferred at death and what liabilities those assets will be exposed too. Such liabilities may include income, capital gain and estate tax exposure and the claims of various creditors. Assets that are considered part of a person’s probate or testamentary estate are trans