WTOB FM/AM Radio in Winston-Salem, NC interviews elder, special needs, and estate planning attorney Vance Parker about using joint with rights of survivorship (JTWROS) ownership to protect your car from estate creditors after you pass away. If you pass away leaving large medical bills, or had to use Medicaid to help pay long-term care expenses, your car may need to be sold in probate following your death to pay estate creditors.
Owning your car jointly with another person, and adding the right of survivorship to the car title, helps make sure that your car will pass directly to the surviving car owner out of probate, and free of estate creditors.
Vance talks with WTOB Radio every Tuesday at 4:38 pm, educating the public about elder and special needs law, and estate planning topics.