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joint tenancy
(redirected from Joint Estate)

   Also found in: Dictionary/thesaurus, Legal, Financial 0.01 sec.
joint tenancy
Ownership of property by two or more persons in which, upon the death of one, his interest devolves upon the other or others until a sole owner survives.


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Q My wife and I have a joint estate which is in excess of the inheritance tax threshold.
Tenants-in-common is the default form of joint estate ownership.
As long as your joint estate doesn't exceed the inheritance tax threshold (currently pounds 285,000), your children will not be liable for tax when they inherit or dispose of your property.
 
 
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