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Husband and Wife, as Joint Tenants with Rights of Survivorship, Hereinafter Grantees, the Following Form

Husband and Wife, as Joint Tenants with Rights of Survivorship, Hereinafter Grantees, the Following Form

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[Music] let's talk a little bit about adding people to your house deed oftentimes people try to avoid probate and pass their real property on to say their children or someone else by adding the person to their deed as a joint tenant with right of survivorship when you add somebody to your deed or when somebody's on your deed with you as a joint tenant with right of survivorship it means that if you die they own the property outright the moment you're dead if they die you own the property outright the moment they pass so it's a very convenient way to pass property but the problem with it is that if you pass property this way and the property has appreciated has gone up in value quite a bit since when you bought it which is very common in california then you're going to pass it at the basis that you received it at so let's say you bought the house for a hundred thousand dollars over the course of the last 25 years now it's worth a m

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