Sentences with phrase «where joint ownership»

So while there may be instances where joint ownership does make good sense, doing it simply to avoid probate is a fool's game.

Not exact matches

Global investment banks have long been sidelined in one of the world's fastest - growing financial markets, where caps on ownership of local joint ventures have stymied their expansion.

Eaton and other suppliers, of course, still must rely on joint ventures in nations such as China and India where foreign equity ownership is restricted.

As will a joint account where they document their intention to give up beneficial ownership to their grandchildren.

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.

As JBentley points out, there have been court cases where domestic partners contributing to household expenses while the other partner paid the mortgage have later been able to claim that this implied joint ownership.

The crucial question at the heart of this particular case was whether, following Mr Kernott's departure from 39 Badger Hall Avenue, an intention between the parties could be found which would rebut the presumption of joint beneficial ownership (which presumption generally arises where there is joint legal ownership and no express declaration of trust that the co-owners should own in anything other than equal shares).

Just as the starting point where there is sole legal ownership is sole beneficial ownership, the starting point for joint legal ownership is joint beneficial ownership, so that the property is held in equal shares.

The presumption of joint and equitable ownership can be rebutted by evidence that the parties did not at the time of purchase intend to own the property jointly in equity, or that the parties» intention as to beneficial ownership has changed over time (for example, where the parties did not share their financial resources).

Tenants by the entire - ties is a special form of joint tenancy ownership that is only available to married persons, where ownership is guaranteed to one spouse in the event of the others death.

No, you need to use a Survivorship Deed to transfer rights of survivorship, where the parties will hold the property as joint tenants, with the survivor taking a fee simple interest (complete ownership) in the property upon the death of the other party.

Certificates of Title issued in Joint Ownership where the names are separated with the words AND or AND / OR, do not carry the same meaning as With Rights Of Survivorship.

Once a party (s) decides that court intervention is the only way to resolve a joint ownership problem, the lawsuit is filed in the county where the contested real estate is located.

Consider these situations where sharing ownership in Florida real estate can become impossible for at least one of the joint owners:

The most common form of ownership, where more than one person owns an interest in Florida real estate, is called a «joint tenancy» and it is one of three kinds of ownership possible in Florida (the other two are «tenancy in common» and «tenancy by the entireties.»)