Joint tenancy is a commonly used form of ownership between two or more people. It can be an easy solution. However, it can have drawbacks. Read on to learn more. Joint Tenancy Pros and Cons … [Read more...] about Joint Tenancy Pros and Cons
TOD / POD, beneficiary designations, and joint tenancy can be simple ways to transfer assets at death. However, these simple methods lack some of the benefits of a trust. Read on to learn more. Beneficiary Designations, etc., Aren’t a True Substitute for a Trust … [Read more...] about Beneficiary Designations, etc., Aren’t a True Substitute for a Trust
Joint tenancy is the condition of joint ownership. Let's say that you own a home outright. You can add a joint tenant to the deed, and the joint tenant becomes a co-owner of the property. Joint tenancy can potentially be used when you are planning your estate. If you name your child as the joint tenant on the deed to your home, your child would inherit the property after you die. This could be consistent with your wishes. One of the advantages of joint tenancy is the fact that it enables the … [Read more...] about What If I Create a Joint Tenancy With My Child?