In South Dakota, the main advantage of adding your son's name to your house is that doing so will avoid probate and make it easier for him to take possession upon your death. The main disadvantage is that the property will be subject to any claims for your son's debts and could even come into the picture if he were to get divorced.
I am a single woman living in Sioux Falls and want to add my son's name on the title of my home as a joint tenant. What are pros and cons?
About Swier Law Firm's Estate Planning & Probate Practice Group
Swier Law Firm has a nationally recognized practice in estate planning and probate law and handles the following types of cases:
- Estate Planning: Wills & Living Trusts
- Legacy Planning
- Family-Owned Businesses & Farms
- Powers of Attorney & Living Wills
- IRA & Retirement Planning
- Asset Protection & Business Planning
- Special Needs Planning
- Trust Administration & Probate
Take a look at our valuable estate planning books and articles. Our materials are full of tips and advice. All materials are written by the law firm's nationally recognized estate planning attorneys and provide detailed South Dakota-specific information designed to help anyone with estate planning issues. You can request your free copy by clicking on the book cover below.
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