Category Archives: Asset Ownership

The Basics of the District of Columbia Probate Administration…Part I

Seems like only yesterday, but way back in September of 2010, I wrote a series of posts on   the Virginia probate administration process. If you missed it, you can click here and work your way through the ten part … Continue reading

Posted in Asset Ownership, Non-Probate Assets, Personal Representatives, Probate, Probate Assets | 9 Comments

What’s the Difference between Probate and Non-Probate Assets?

About 7 months ago, I went though the various concerns people confront using joint tenancy with the right of survivorship (JTWROS) as an estate plan. The next step is to demonstrate the issues between probate asset and a non-probate asset. As … Continue reading

Posted in Asset Ownership, Assets, Non-Probate Assets, Probate Assets | Leave a comment

The Need for Digital Estate Planning – Part II

Last time, I discussed the importance of planning for a person’s digital estate. I also mentioned the need to plan for your digital assets has only emerged over the last few years.  Unfortunately, that means how digital assets are treated … Continue reading

Posted in Asset Ownership, Assets, Atypical Asset, Digital Assets, Digital Estate Planning | Leave a comment

The Driverless Car and Estate Planning

In today’s Wall Street Journal there was section on the future of automobiles.  The first article, titled “Nobody Behind the Wheel,” described how the future of the driverless car is coming.  The other article, titled “Trucks Will Roll Down an … Continue reading

Posted in Advanced Medical Directives, Asset Ownership, Durable Power of Attorney, Estate Planning, Intestate, Joint Tenancy | Leave a comment

Inflexible Joint-Tenancy Ownership Can Create Estate Planning Issues.

I talk with many people that believe that simply having all of their assets owned as joint tenants with the right of survivorship (JTWROS) is an adequate estate plan to avoid probate. Most of the time, the person wants to … Continue reading

Posted in Asset Ownership, By Individual, Joint Tenancy, Probate, Probate Assets, Tenancy by the Entirety | 2 Comments

How Do People Own Assets? Part III – Tenants in Common and Tenancy by the Entirety.

This is the third in a series of post in what manner people, either individually or collectively own property, and how that property transfers upon death.  The first post can be read by clicking here (individual ownership of property).  The … Continue reading

Posted in Asset Ownership, Estate Planning, Tenancy by the Entirety, Tenants in Common | 1 Comment

How Do People Own Property or Assets? – Part II – Joint Tenancy

This is the second in a series of post in what manner people, either individually or collectively own property, and how that property transfers upon death.  The first post can be read by clicking here. Property ownership and transfer on … Continue reading

Posted in Asset Ownership, Estate Planning, Joint Tenancy | 1 Comment

How Do People Own Property or Assets? – Part I – Ownership by One Individual

Estate planning encompasses a wide range of topics from familial relationships to complex tax planning, understanding how property is owned and transferred upon death is vital to any estate plan. For a single person, how property is owned is very … Continue reading

Posted in Asset Ownership, By Individual, Estate Planning, Probate, Probate Assets, Wills | 4 Comments