Many people own a house jointly with their spouse – or partner, friend, or family – often as joint tenants with rights of survivorship (“JTROS”). This means the couple owns the house together equally. If one of them dies the other retains full ownership automatically. The default in NH is to own property as “tenants in common” meaning each person … Read the rest
Estate Planning Lessens the Burden on Your Family
Assets are not just about houses and large bank accounts. Cars, clothing, books, and other personal property are all assets that become part of an estate when someone dies. Surviving family members cannot just immediately clean out and sell a house. It is impossible to predict when something will happen to us or a loved one and that is why … Read the rest
Aretha Franklin’s Intestate Estate
Aretha Franklin was undoubtedly one of the most influential American songstresses in recent memories, with more than 112 charted singles on the Billboard music charts. At the time of her passing on August 16, 2018, Aretha Franklin reportedly had a net worth of $80 million. However, despite her sizable fortune, Ms. Franklin passed without a will or trust to … Read the rest