Sentences with phrase «of joint ownership»

So this type of joint ownership of property with a spouse, child, or anyone else will allow that particular asset to bypass probate.

A form of joint ownership involving two or more persons.

In some instances of joint ownership, however, a deed is unnecessary, as the surviving spouse will automatically take full title to the property immediately upon the deceased spouse's death.

The assumption of joint ownership of property, however, can be a drawback.

A spouse can change separate property into marital property by changing the title into a form of joint ownership, effectively making a gift to the other spouse.

There are actually three types of joint ownership in Massachusetts (tenants in common, joint tenancy, and tenancy by the entirety).

In some states, a type of joint ownership of property where a husband and wife are considered as one person, essentially providing an automatic right of survivorship.

Thursday's decision by the National Labor Relations Board involving the Teamsters Union and Browning - Ferris Industries reverses decades of standard practice around the concept of joint ownership in business.

I have a question on the capital gains tax applicability in case of joint ownership with wife.

[Note: See Mark's comment in response to Earl about the concept of legal and beneficial ownership in the context of joint ownership with a right of survivorship.

The Working Group recommended that the DIFC recognise joint ownership of shares in a company from the point of incorporation, and also upgrade the DIFC Portal software to enable recording of joint ownership of shares.

Form of joint ownership which provides that if one joint owner dies, his or her share becomes part of his or her estate rather than automatically becoming the property of the other joint tenants.

A form of joint ownership involving two spouses.

It's not always like that, to feel like you have a kind of joint ownership over what you're doing.»

Opting for the ease of joint ownership as opposed to doing a detailed estate plan may be cheaper in the short run, but often means you miss out on a long - term income - splitting opportunity.

She was not entitled to an interest in their home because the court could not find evidence of a common intention of joint ownership, either by agreement or by virtue of financial contributions to the purchase price of the property or the mortgage.

For Florida real estate lawyers who are knowledgeable and experienced in Florida real property law, the solution to a problem of joint ownership is to file a partition action under Chapter 64 of Florida statutes.

The most caustic critics of HOAs in general are actually opposed to the concept of joint ownership.

Which means in the end, most situations where an annuity is jointly owned, it probably shouldn't be, as most of the benefits of joint ownership can be accomplished by other means when using an annuity anyway (unless specifically pursuing contractual living or death benefit guarantees that are designed to apply for both spouses jointly).

Various recommendations were made, including changing the requirements on leasing office space, simplifying the application for a Licence for Non-Regulated Holding Entities, and allowing for the recording of joint ownership of shares

Tenancy by Entirety A type of joint ownership of property that provides right of survivorship and is available only to a husband and wife.

JOINT TENANCY - a form of joint ownership in which each joint owner has an equal share.

form of joint ownership of an asset by spouses in which both own the asset equally; upon death of one spouse, ownership passes automatically to the surviving spouse

Also, the property for which home loan is being taken should be in the name of the woman applicant or she should be the primary owner in case it of joint ownership.

One form of joint ownership is called tenancy in common.

If you own it between you as «joint tenants» — or as «joint owners with a survivorship destination» in Scotland — you might need to change the type of joint ownership.