Tenacious D Tenacious D
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May 27, 2010
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The Joint Tenacy Deed : A Tool to Avoid Probate
The joint tenancy deed is one of the best tools to transfer real estate between spouses, partners and heirs. Its principal characteristic and its advantage over holding title as a tenant in common, is that a joint tenancy deed transfers title immediately upon the death. This is known as the right of survivorship.
A joint tenancy in property consists of an estate owned jointly in equal undivided shares by two or more persons. For example, it can be … Continue Reading