The Estate & Asset Protection Law Firm Owner, Shannon Pawley, Provides Information To Help Families Avoid Probate While Avoiding Putting Their Children’s Names On Deeded Property.
The Estate & Asset Protection Law Firm Owner, Shannon Pawley, acknowledges the desire parents have to leave their deeded property to their children and offers reasons for not putting their kids’ names on deeds along with alternate solutions.
DECATUR, GA, June ••, 2023: Shannon Pawley, Owner of The Estate & Asset Protection Law Firm, has posted a new blog on the law firm’s website entitled “Avoid Probate And Avoid Putting Children’s Names On Deed.” Ms. Pawley supplies a list of solid reasons for not putting children’s names on deeds.
According to Pawley, “Many parents make the decision to put their children’s name on the deed to the family home during their lifetime thinking that this is the best way to avoid probate when they die.” She continues adding, “This might seem like a good idea and the home or property will not have to go through probate, but there are so many other consequences of this one action that will be of greater disservice to your children, and ultimately to you. Before you take this action,” Pawley encourages, “please consult with an experienced estate and asset protection attorney or an elder care attorney. And, please have a look at some of the reasons why transferring property to your children during your life may not be the best idea.”
Among the reasons Pawley offers are tax implications, loss of control, financial risks and the biggest of all is how it can affect Medicaid Eligibility.
The entire blog can be read at LINK HERE
About The Estate & Asset Protection Law Firm
The Estate & Asset Protection Law Firm was established to serve the legal needs of retiring citizens. The Firm focuses its entire practice on providing strategies to protect independence, privacy, assets and taxes from the government. Shannon Pawley has grown her law practice by providing excellent customer satisfaction with personalized wealth protection plans.
About Shannon M. Pawley, J.D., LL.M
As the owner of The Estate & Asset Protection Law Firm, Shannon M. Pawley and her entire team share a passion which focuses on being able to serve the legal needs of retiring individuals. In our firm, WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Born and raised in the Tidewater area of Virginia to a tightknit family with strong military service roots, Shannon learned from an early age the value of hard work and the importance of social awareness to ensure you always leave a situation in a better place than how you entered it. In her junior year of high school, Shannon served as U.S. House of Representatives Page during the 101st United States Congressional Session in Washington, D.C. This experience exposed her to numerous new cultures and worldly issues. Walking away from her experience as a U.S. House of Representative Page, Shannon knew that she wanted to pursue legal studies and be able to assist others in obtaining the best results available in difficult situations.
Shannon earned her undergraduate degree at North Carolina Wesleyan College and pursued a law degree from Michigan State University College of Law. After obtaining her law degree and becoming a licensed attorney in Michigan, she continued her educational pursuit by acquiring a LL.M. (Master of Law) in Taxation from Wayne State University. After moving to Georgia in 2018, Shannon obtained her Georgia law license and has enjoyed being able to pursue her desire of ensuring persons are able to age with dignity, grace and independence.