Avoiding Probate

[Elly]

The only asset I own that is not immediately transferrable to my heirs upon my death, is my condominium in Florida. If it's true that the only way ownership can be transferred to my children upon my death, is through probate court, I hesitate because of costliness.
Is it wise to put the condo NOW into joint ownership with my children? What is the downside to this idea? What about possible future lawsuits against my heirs?

 

[ALawyer]

You MIGHT be able to put the condo into a living trust that would pass to your chosen beneficiaries on death.

 

[ELNbluemax2]

Condo

How about a Transfer on Death deed? I hear that it will
avoid Probate.
Downside of joint ownership with children is that if you
want to sell the condo, the children AND their spouses
would have to sign, also.