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Author: EGUSC Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121095  
Subject: Re: Revocable trust or not... Date: 1/30/2002 8:09 PM
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"It's true that there's no probate if ONE of the two joint tenants dies; in that case, the survivor simply assumes full ownership. But the original post referred to the death of both husband and wife. That's when you need the house (or other asset) held in trust. Otherwise, it's probate time."

You can place your children's names as joint tenants and its works to. It can also make it easier to pay bills if the parent becomes very ill.
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