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Is there any problem with transferring assets held in joint tenancy into the living trust?

April 26, 2017assets held Joint Living trust problem tenancy transferring

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Is there any problem with transferring assets held in joint tenancy into the living trust?

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No. Transfers of joint tenancy property into the living trust are quite common. Once transferred into the trust, the property is jointly controlled by both spouses as are all of the assets of the living trust.