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In this video, Chris Berry from Castle Wealth Group discusses the estate planning mistake of owning property jointly with someone other than a spouse. Berry, a prominent estate attorney and legacy planning advisor, emphasizes the importance of understanding asset transfer upon death, a process known as estate administration. He illustrates joint ownership through the example of a joint checking account, where the surviving spouse retains ownership upon the death of the other. Viewing the consequences of such arrangements, Berry aims to educate viewers on avoiding common pitfalls in estate planning. For more insights, viewers are encouraged to subscribe to the channel.
