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Estate as Tenants in Common, Then You May Form

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let's talk about the difference between owning property as a joint tenant and owning property as a tenant in common joint tenancy and tenancy in common are two ways that people can own property together the main difference between the two is how ownership is structured and what happens when one of the owners passes away in joint tenancy all owners have an equal share of the property that is divided among the other owners when one tenant dies or if there are just two tenants when one tenant dies the other tenant now owns the entire property this is known as the right of survivorship in tenancy in common each owner has the distinct and separate portion of the property and their shares can be equal or unequal when one owner dies their share passes to their heirs or their beneficiaries of a trust or a will that they may have made there is no right of survivorship with tenancy in common meaning that any other joint owners don't receive any part of the property when you die u

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