Joint Title with Right of Survivorship

Two popular forms of joint ownership are Joint Tenancy and Tenancy by the Entirety.  The Tenancy by the Entirety is limited to joint ownership between spouses. 

The Joint Tenancy allows joint ownership between any two or more persons.  One of the distinguishing features of both Joint Tenancy (with Right of Survivorship as oppose to In Common) and Tenancy by the Entirety is the Right of Survivorship.  When one joint owner dies, the deceased owner's interest in the asset goes to the surviving joint owner automatically.  This result is not affected by the deceased owner's will.

You want to make sure your property ownerships are done correctly by seeking expert legal advice.  Contact us at www.ythlaw.com