A common form of property ownership, usually between spouses, where multiple individuals have equal interest and rights to property. While there are several criteria to qualify as joint tenants, the main benefit is that joint tenants with rights of survivorships can bypass probate as the ownership of property will transfer to the other joint owner(s). Check local probate rules regarding joint tenancy rules.
What you need to know
What to do when a loved one dies
When people die, they leave behind a life that must be closed out. Don't tackle it all alone. From planning the funeral to tackling the legal & financial estate, here's an ultimate checklist of all the things an executor needs to do following the loss of a loved one.
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