Joint Tenants vs. Tenants-in-Common

042913_2023_JointTenant1Do you own land jointly with another person? This type of ownership arrangement has come up a few times recently during estate planning conversations writes Sandra Woodbridge, VeriBIZ business advisor. Usually, clients have been able to provide the names of who is “on title” of the property, but not whether the people are on title as “joint tenant” or as tenant-in-common.

 

Does it make a difference either way? The answer is yes, it does.

If the property is held as “joint tenancy”, it means the ownership of the property will automatically This content is only available to Veritas members.
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