I am single, living in St. Louis, and I want to add my son's name to my home as a joint owner. What are the pros and cons?

In St. Louis, the main advantage of adding your son's name to your house is that doing so will avoid probate and make it easier for him to take possession of your home upon your death.

The main disadvantage is that your home will be subject to any claims for your son's debts and could even come into the picture if he were to get divorced.