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Trust Glossary

Tenancy in Common - Form of ownership of jointly held property in which each co-owner:
  • Has equal right to use property
  • May hold a different fractional interest in property as regards ownership and transfer
  • Has the right to transfer his/her share in the property during life and at death


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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.






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