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Evaluating Your Estate Plan:Forms of Property Ownership

Summary

One of the major goals of any estate plan is to distribute or dispute of property after death. To make decisions in this regard, it is important to understand classifications of property as well as the various ways that property can be owned. How property is transferred upon death may be dictated by the method of ownership. In particular, when property is co-owned by two or more people, the method of co-ownership may determine who eventually owns the property.