10
Currents
April 2016
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die unless you choose one of the following options.
If you are married and own your home together,
your surviving spouse will not have probate; however, there will be probate when the second of you
passes away, unless one of these options is done.
Let us assume that you own your home jointly
with your spouse and that you have two children.
Both of you desire to have your two children inherit
your home equally when you both pass away.
The first option would be to add the names of
your two children to the Deed as joint tenants with
right of survivorship. This is not a good idea. It
would affect your ability to claim your full homestead exemption. In addition, you lose control of
your property and can only sell it if your children
both agree and sig