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Old 04-03-2023, 03:12 AM
retiredguy123 retiredguy123 is offline
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Quote:
Originally Posted by jaj523 View Post
I now have a ladybird deed but had a deed with joint tenancy with right of survivorship in my previous home. Am not sure what the difference is.
There is a huge difference. With joint tenancy, both owners have equal rights to use the property, to borrow against it, or to sell it, and creditors can place a lien against the property for the debts of either owner. With a ladybird deed, the named beneficiary has no rights to do anything until the owner dies. And, the owner can change the deed at any time.