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The law for that reason considers that you still personally own this residential or commercial property,so its worth can be counted for functions of receiving certain federal government advantages also I am a competent legal professional and I take the time to make complex legal processes easy to understand with clear and thorough explanations The Law Firm of Steven F.Bliss Esq.Estate Planning Lawyer.
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This document can give your agent the power to transact real estate,enter into financial transactions and make other legal decisions as if he or she were you What does the Trustee do? steveblisslaw com Most often this is a spouse.
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This is often done with bank and other financial accounts (usually called pay-on-death or POD).