Definitions for "JOINT PROPERTY"
Related Terms:
Co-ownership, Joint ownership, Tenants in common, Joint tenancy, Joint tenants, Tenancy in common, Tenant in common, Joint tenancy with right of survivorship, Tenants-in-common, Tenancy-in-common, Joint tenants with rights of survivorship, Co-tenancy, Concurrent ownership, Tenancy by the entirety, Right of survivorship, Severalty ownership, Fee simple, Tenancy by entirety, Sole ownership, Tenants by the entirety, Fee simple estate, Tenancy, Undivided interest, Tenancy by the entireties, Survivorship, Tenancy in severalty, Severalty, Life estate, Fee simple ownership, Escheat, Freehold, Freeholder, Seisin, Fee simple absolute, Joint tenants with right of survivorship, Cotenancy, Vesting, Estate of inheritance, Seizin, Unity of possession, Jtwros, Reversion, Tenure in land, Fee, Tenure, Estate, Hereditament, Reversionary interest, Devisor
Joint Property is everything that the husband and wife own together. This includes community property, real estate held in joint tenancy, tenancy in common and tenancy in the entirety, as well as all other property the husband and wife deem to be jointly owned.
All the property allocated to the common interests of the marriage.
Something which is jointly owned by two or more people either as a joint tenancy or as tenants in common. More on joint property can be found in the Customer Guide to IHT.
Sometimes called joint tenancy. Property that names a co-owner on its deed or title. Co-owners retain ownership of the property upon the death of a co-owner. A co-owner in a joint property arrangement cannot give away his or her share of the property. I Back to Top I .......................................................................................................................................... - NoPosting ..........................................................................................................................................
Property where title is held in Joint Tenancy so that the surviving co-owner[s] own the entire asset by operation of law at the death of any owner. In a marriage, this property usually qualifies as marital property for marital deduction purposes.
Property that is held or titled in the na me of more than one person.
property not in your sole name.
property owned by two or more people in undefined shares. More info.
Under English Law there are two methods of jointly owning property with another: Under a beneficial joint tenancy the entire property passes to the survivor(s) on a death. Under a tenancy-in-common a person's share of the property pass under the terms of his will (or on his intestacy).
Property in which ownership is indivisibly vested in two or more persons. Each cannot dispose of any share as there are no shares. Examples include property of the members of a members' club and an estate vested in trustees. See " common property".
In Scots law, property where two or more people have ownership. E.g. a joint bank account. On death the property passes to the surviving party.
Property that names co-owners on it deed or title. Co-owners retain ownership of the property when a co-owner dies, and a co-owner in joint property cannot give away his or her share of the property.
In Scots law, property over which two or more persons have absolute rights-that is, they all own al of it. An example is a joint bank account. On death, the property passes to the surviving party or parties.