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WEDNESDAY, FEBRUARY 23, 2011

How to pass property to heirs without a will

Do I need a will if my kids are listed on my bank accounts and home deed? Does a trust amendment need to be notarized?

Those questions from readers get answered this week by Roseville estate planning attorney Lynn Dean, one of Sacbee.com's "Ask the Experts."

To see more of Dean's advice, or to ask questions of The Bee's other local experts on taxes, investing or personal finances, go to www.sacbee.com/ask

I have both daughters on my house deed, on all my bank accounts and on my stocks. I do not have a will or a trust. Am I OK?

"OK" is a relative term. If your question is: "Will my assets go to my daughters without probate?" The answer is "It depends."There are two problems that can arise when you put your children "on" your assets. First, if your ...

Read more: http://www.sacbee.com/2011/02/23/3422989/how-to-pass-property-to-heirs.html#ixzz1EoDIMzh9

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