Sentences with phrase «create joint tenancy»

Four unities are required to create a joint tenancy: 1) Time: all joint tenants must obtain their interest at one time; 2) Title: all must obtain their interest by the same document; 3) Interest — each joint tenant has an equal share in ownership; 4) Possession: each joint tenant has an equal right of possession.

Not exact matches

For example, you can easily name beneficiaries on your own, title assets as joint tenancy with right of survivorship on your own, and even create your own trust using an online service such as Nolo.

There was a legal joint tenancy here; but in equity it was a tenancy in common created by the unequal contributions to the purchase price.

Further, the subsequent arrangements after the transfer into joint tenancy between her son and daughter - in - law with respect to the property did not have the effect of severing the joint tenancy and creating a tenancy in common.

By those means the joint tenancy had been severed, creating a «tenancy in common» between the husband and now - deceased wife.