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?