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Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy Illinois Form

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Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy Illinois Form

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a common question we get in our office is just what is the difference between joint tenancy and tenants in common when it comes to holding property now both of those refer to what is called concurrent ownership which just means two or more people holding property together but each of them do carry very big differences when it comes to what happens to your interest in your property after you pass away for instance does it lock your family into going to probate in order to clear the title of that property or do they get to just file one deed with the county recorder keep watching the video and we'll find out hi my name is andrew bethel with the bethel law corporation and today we're going to be discussing the differences between joint tenancy and tenants in common when holding property with other people as i mentioned before they do carry big differences when it comes to what happens to your interest in the property after you pass away but before we get to that first we n

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