When it comes to sharing property with another person, there are a few different forms of legal ownership to choose from. Of these, two common shared estate ownership options include joint tenancy and ...
Joint tenancy is a type of shared property ownership. In a joint tenancy agreement, two or more people share an equal amount of ownership in the home. There are no limits to who can own the property ...
This is the fifth column in a series about avoiding probate, prompted by a challenge from a reader who believes that lawyer “estate chasers” are the new “ambulance chasers”.
Last month’s column showed how adding a child or other nonspouse family member to the title of property as a joint tenant can create unintended consequences of deemed gifting for gift tax purposes. In ...
West Virginia is one of many states that does not recognize tenancy by the entirety as a property ownership structure. Married couples in the state can hold property as joint tenants with rights of ...
Q: My wife and her mother invested $5,000 in a Fidelity Trend Fund in 1967 as joint tenants. The fund has grown to over $40,000.Her mother recently passed away and we want to move the fund to a ...
Q: We are ages 56 and 58, and are anticipating retirement in a few years. My question is about the best way to hold title to our home. We hold title as joint tenants with right of survivorship. But ...
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