How is joint ownership works? Do we must to have a will, or surviving spouse has all rights vs. kids from prev

Answer 1

I would think the surviving spouse would have all rights, but you would have to check with the state that you live in.

Answer 2

JTWROS - learn it live it and 2nd spouse is protected from stepkids financial invasion.

Joint Tenancy with Right of Survivorship.

If title isn't held properly the surviving spouse will have an uphill battle.

A will does not transfer ownership to surviving spouse, even your joint checking account should be titled as JTWROS. Everything one wants to go to surviving spouse must be titled properly

If not, everything goes through probate, and surviving spouse will have to pay to change title and maybe even pay off stepkids their share of the value of the home that would have transferred to them because title was held wrong.

Answer 3

well, joint ownership of what? a house? a business?

in general joint ownership works by dividing the ownership interest into virile shares, but you can contract or agree to almost anything in writing

most states have laws on the books that state that if someone dies without a will, that their property goes to their children first, but this might not be the case in your state, if you have a will you can leave property to whomever you want

if you and the partner here are agreeing to buy something together and he/she dies without a will, then you will own half of the property and his children, by rule of law (in most states) will inherit his virile share

there is an exception in the state of louisiana, where even if you have a will, you cannot disinherit your children

email me with more specifics and i'll try and help you

Answer 4

I would talk to a lawyer about that