Joint Tenancy

February 5, 2019 By: Jennifer Foster There are many different way to share ownership of an asset with another person. In a “joint tenancy” situation, two or more people own property together and if one person dies, the surviving owner(s) automatically acquires the ownership share of the deceased person. This means that no part of the property falls into the estate of a deceased joint owner under the last owner dies. The term “joint tenancy”  is used to refer to ownership of real property (house, land) but other assets may also be owned jointly in this way—joint ownership of assets other [...]