How are your assets held?

     Do you know what will happen to your home when you die? It will depend on how you own it. If you own it by yourself in your own name, it will pass to your heirs under the terms of your will. If you do not have a will, it will pass  to your heirs pursuant to NH statutes. If you are survived by a spouse, he or she may have some claim to the home even if you do not leave it to your spouse in your will. This is a "homestead right". If you own the home with another as joint tenants with rights of survivorship, the property will go to that other person upon your death without any legal proceedings. If you own your home with another as tenants-in-common, then upon your death, your half interest will pass per your will as noted above. And lastly if you own it in trust, it will pass according to the terms of your trust. You should review your deed, will etc to be sure you know what will happen to your home when you die.