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Washington Renunciation and Disclaimer of Joint Tenant or Form

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Washington Renunciation and Disclaimer of Joint Tenant or Form

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[Music] what is joint tenancy well joint tenancy is a way of holding property this can be real estate and lawyers will call it real property it can be bank accounts it can be brokerage accounts it might even be a safe deposit box it's a way of holding title to something joint tenancy oftentimes has what's called a right of survivorship but what does that mean well if two people a and B owned a joint tenancy bank account and a dies B becomes the owner of the account also if a and B own a piece of real estate a piece of real property and a dies B then becomes the owner of the property but that's not the case in all situations some states require the words with right of survivorship to follow the term joint tenancy now California is not one of those jurisdictions but Texas is so you'll need to check with the state laws in each state where you might have joint tenancy property joint tenancy property also has some negative income tax consequences and those ar

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