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 ?
Consider the example where a joint estate is valued at pounds 510,000, where all assets are owned in joint names between spouses.
The first is, do you have a joint estate worth pounds 300,000, or is it pounds 300,000 each?
Attorney Richard Plotin dropped off the case in April after a family law judge, John Smiley, ruled that she could not dig into the family's joint estate worth more than $1 million to pay for a private attorney.
Further, I have seen the legitimas defined as a portion of the parents' joint estate or as a portion of the individual estate of the mother or father.
Harry and Janet, a married couple, have a joint estate of $2 million as follows:
Three marital property regimes for civil marriages in Namibia are accepted because a change in marital status also changes the status and ownership of property: in community of property (COP) where all assets and liabilities are shared in a couple's joint estate, out of COP where the couple's assets and liabilities remain separate, and accrual, where assets and liabilities accrued during the marriage, are shared equally.
The couple, married for 47 years, made a will in October 2009, naming each other as the beneficiary if one of them died, with their joint estate worth PS230,000.
ISLAMABAD, February 02, 2010 (Frontier Star): The Ministry of Housing and Construction will submit an application in the Federal Public Service Commission to appoint scale-19 officer for filling the vacant post of Estate Officer, while Joint Estate Officer in Estate Office has been made as acting Estate Officer.
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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