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.
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The fund's strategy entailed using these accounts to buy discounted corporate bonds which had a survivor option, or "death put." 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.
If you hold the property as joint tenants, both of you will own the whole of the property.
(77) In Massachusetts, statutory reform in 1885 made it possible to convey property to spouses as tenants by the entirety, joint tenants, or tenants in common.
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.
In the end, logic seems to say that there should be little difference with the "discounts for lack of control" if the coowners are joint tenants, as opposed to tenants-m-common.
Joint tenants also have an undivided right to the enjoyment of property.
A couple would go from being joint tenants to tenants in common, and form a simple trust as part of their will.
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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