If you hold property in joint tenancy, do you still need a living trust in order to avoid probate? My husband and I hold two properties in joint tenancy with my mom. In addition, her checking and savings accounts are held jointly with me. My tax planner told me that I still need to do a living trust as "insurance" because my brother (the only other heir) could contest the joint tenancies.
I am now very confused because I thought joint tenancies completely avoided probate and that the property interests were automatically transferred to the surviving tenants.