by Judd Matsunaga, Esq.
A few months ago, there was a radio commercial in which a father was asking his son about the house the son was buying. After listening to his son’s responses, the father said,
“You’ve got no idea what you’re doing, do you son?” The son immediately responds, “I’ve got no clue. Hugs?”
A person’s home is usually the most valuable asset that they will ever own. Yet, most people take title in their own name or as joint tenants because they are not aware of a better alternative. But this deserves careful consideration since how one holds title could drastically affect things such as taxes, probate, and inheritance rights.