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[Music] lets talk a little bit about adding people to your house deed oftentimes people try to avoid probate and pass their real property on to say their children or someone else by adding the person to their deed as a joint tenant with right of survivorship when you add somebody to your deed or when somebodys on your deed with you as a joint tenant with right of survivorship it means that if you die they own the property outright the moment youre dead if they die you own the property outright the moment they pass so its a very convenient way to pass property but the problem with it is that if you pass property this way and the property has appreciated has gone up in value quite a bit since when you bought it which is very common in california then youre going to pass it at the basis that you received it at so lets say you bought the house for a hundred thousand dollars over the course of the last 25 years now its worth a million dollars you want to pass it to your son so you p
