Jointly Owned Property and Wills: If you own your property as Joint Tenants with another person or people, you may decide that you want to change the ownership, so it is then held as Tenants in Common instead. This will enable you to gift your share of the property to someone other than your co-owner(s) …
Property Ownership – Joint Tenants or Joint Tenants in Common?
What is the difference between owning a property JOINTLY with another person, and JOINTLY as TENANTS IN COMMON? If you own a property JOINTLY with another person, regardless of whether you have a Will or not, in the event of either death, the survivor inherits the deceased’s share of that property. If you own a …
Property Ownership – Joint Tenants or Joint Tenants in Common?Read More