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EPGD Law Blog

Tag: joint tenancy
Real Estate Law
Niuris Bezanilla

Homestead Exemption v. JTWROS

In Florida, JTWROS means that the full title to property goes to the owner that survives.  The “survivor” of the joint owner automatically owns 100% of the asset when the other joint owner passes away.

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Estate Planning
Niuris Bezanilla

Probate Assets vs. Non-Probate Assets

Probate is the process after a person passes or becomes disabled; their assets are put on hold until the will is validated, any remaining debt is paid off, and the beneficiaries of the will are identified.  Probate can be a long and stressful process, especially after such a difficult time.  Non-probate assets avoid this long, costly process and pass directly to a decedent’s heirs.

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