joint tenancy

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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.
References in periodicals archive ?
The default position is joint tenants, so you must tell your lawyer if this is not how you want to own the property.
The death put let the manager, as the joint account's survivor, redeem the investments from issuers for the full principal amount before maturity upon the death of a joint tenant.
In order to create a joint tenancy, the joint tenants must possess the four unities: interest, title, time, and possession.
With regard to property titled as tenants by the entirety or as joint tenants with right of survivorship, when at least one of the co-owners qualifies for the homestead tax exemption, he or she is permitted the entire exemption amount.
When property is jointly owned, tenants in common can dispose of their interests separately, and not joint tenants, where the survivor takes all.
In general, property is owned outright, as tenants in common, as joint tenants with rights of survivorship, or as community property.
William Biggers and Linda Crook, brother and sister, inherited a piece of real property upon the death of their mother, taking the property as joint tenants with right of survivorship.
In real estate owned by them as Joint Tenants with another, whether the Joint Owner be their mother, father, sister, brother or spouse?
Some community property states, such as California, allow residents to bypass the community property rules by titling property in a common-law form, such as joint tenants or tenants by the entirety.
It should have a mouth-watering appeal to other clubs who might be considering taking Shelbourne in as joint tenants now they are planning the sale of Tolka Park.
This may cause creditors and governmental agencies to pursue the beneficiaries or surviving joint tenants in an effort to collect on the amounts owed.
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