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starnews_20250529_tsn-2025-05-29-a-015_art_5.xml

starnews_20250529_tsn-2025-05-29-a-015_art_5.xml
From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 169419 Home Co-Ownership and Estate Planning Estate planning takes on added importance when you co-own a home. If you own the property as tenants in common, your will should state who inherits your share. Placing your interest in a trust can avoid probate. If you leave your share to multiple beneficiaries, your plan should describe how your share will be divided or managed to avoid conflicts among your beneficiaries. If you own the property as joint tenants, your share automatically transfers to the surviving co-owner. Discuss your estate plans with your co-owner so they understand your wishes and you can coordinate your plans as much as possible to prevent surprises and minimize potential conflicts. Regularly review and update your estate plan, especially after major life events or changes in your coownership agreement. Call to learn more.
starnews_20250529_tsn-2025-05-29-a-015_art_5.xml
From the Attorney’s Desk by Jason Krautkramer, J.D. Eckert & Krautkramer, LLC 630 N 4th St., Wausau, WI 54403 eklawwi.com 715-842-0907 jason@eckertlawllc.com 169419 Home Co-Ownership and Estate Planning Estate planning takes on added importance when you co-own a home. If you own the property as tenants in common, your will should state who inherits your share. Placing your interest in a trust can avoid probate. If you leave your share to multiple beneficiaries, your plan should describe how your share will be divided or managed to avoid conflicts among your beneficiaries. If you own the property as joint tenants, your share automatically transfers to the surviving co-owner. Discuss your estate plans with your co-owner so they understand your wishes and you can coordinate your plans as much as possible to prevent surprises and minimize potential conflicts. Regularly review and update your estate plan, especially after major life events or changes in your coownership agreement. Call to learn more.
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