Sentences with phrase «legal joint tenancy»
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.
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Put another way, probate assets are generally those you own alone in your name, while nonprobate assets generally consist of assets you no longer have legal title to (i.e. trust assets), assets that will pass automatically upon your death (i.e. beneficiary designation), and assets owned jointly with others (i.e. joint tenancy with right of survivorship).
For unmarried couples or other groups of individuals who acquire real property jointly, there are basically two ways to do it without using a trust or other legal entity which are joint tenancy with a right of survivorship or a tenancy in common.
Tags: Contesting a Will, Disinherited Child, Disinherited Spouse, estate claims, Joint Tenancy, Lack of Capacity, Life Estates, mental capacity, Wrongful Death Posted in Equity, Joint Tenancies, Technical Legal, Uncategorized
Tenants in common and joint tenancy are legal ways of owning a property; they have no relevance to leasing a property.
It is worth re-considering the principles established in Stack: l A conveyance into joint names indicates both a legal and beneficial joint tenancy, unless and until the contrary is proved.
Tags: Joint Tenancy, Legal Procedures, Severance of Joint Tenancy Posted in Equity, Joint Tenancies, Legal Procedures & Definitions
Joinder Joint Custody Joint Legal Custody Joint Petition Joint Physical Custody Joint Property Joint Tenancy Judgment Judgment of Divorce Judgment Nisi Judicial Foreclosure Jurat Jurisdiction Jurisprudence Justice System
A legal relationship and method referencing the ownership of real property by which one person mutually holds legal title to property with other persons in such a way that when one of the joint owners dies, the remaining party (s) owns an undivided interest in the entire property; more legally referred to as Tenancy in Common with rights of survivorship.