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Divorce, Joint Tenancy and How to Prepare for the Form

Divorce, Joint Tenancy and How to Prepare for the Form

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hello everyone this is kelly longton from kelly longton law and today i want to talk to you about suffering joint ownership now one of the most common forms of property ownership in the united states is joint tenancy with rights of survivorship but what is what is joint tenancy joint tenancy is a legal right to property that provides the owner with an undivided right to the enjoyment of the property in other words one joint tenant cannot legally stop the other joint tenant from enjoying the use of the entire property now what does joint tenants with rights of survivorship mean it means that when one joint tenant dies the deceased joint tenant's share of the property automatically passes to the other joint tenant without the need for probate or any other formal proceedings the survivorship feature of joint tenancy makes it very attractive to married couples and individuals who want to jointly own property with another person maybe like an adult child without any additional estat

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