Estate Planning

“Why would they buy property from themselves?”

Posted in Estate Planning, Probate

  Have you ever looked at the property transfer records in your local newspaper? If so, you have probably come across a transfer of from a husband and wife to themselves. Many people wonder why a couple would go through the process of transferring property to themselves, mistakenly thinking they are somehow “buying property from themselves.”   What they are usually doing is making a new deed that will operate differently at death. Ohio law allows for a couple of different types of joint ownership. Traditional “joint tenancy” has each spouse owning half of the...

Read More