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

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

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hey it's Liran from Aliavlaw here to  talk to you about why you should never put   your children's name as a joint tenant on your  property people do this uh because they know   that it's a cheap alternative to a trust or will  because the person listed as a joint tenant so if   joint tendency just means more than one person  owns it and it's has joint tenancy in the name   that will make the other person inherit the  property right after death um and so a lot   of people like to do this and think that you know  all is well when they when they do this i'm here   to talk to you about why you should never ever do  this the first reason is because of taxes uh   there's something called the capital gains tax  which means that there's a upon sale this is a   tax upon sale the tax man wants to see how much  richer you've gotten since when you bought it   and then tax you on that and it only happens upo

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