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> But any property in joint names AUTOMATICALLY becomes the property of the joint owner and IS NOT subject to any restrictions In common law jurisdictions, wha
by ValentineC 3y ago
> But any property in joint names AUTOMATICALLY becomes the property of the joint owner and IS NOT subject to any restrictions
In common law jurisdictions, what happens upon death depends on whether the property was held under a joint tenancy [1] or tenancy in common [2].
[1] https://en.wikipedia.org/wiki/Concurrent_estate#Joint_tenancy https://en.wikipedia.org/wiki/Concurrent_estate#Joint_tenanc...
[2] https://en.wikipedia.org/wiki/Concurrent_estate#Tenancy_in_common https://en.wikipedia.org/wiki/Concurrent_estate#Tenancy_in_c...