Property Titling and Beneficiary Designations

Free CFP Exam lesson in Estate Planning. 14 min read, ~2,124 words.

Property titling determines who gets the asset at death; title overrides the will. Spousal JTWROS: exactly 50% included in the first estate, regardless of contribution. Non-spousal JTWROS: 100% included unless the survivor proves contribution (consideration-furnished test). Community property provides a double step-up in basis; both halves are stepped up at...