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Trust Glossary

Joint Tenancy - A form of ownership of jointly held property such that
  • All co-owners have an equal right to use the property
  • All co-owners have an equal ownership interest in the property
  • Upon the death of any co-owner, his/her interest in the property passes to the surviving co-owners and ultimately to the last survivo
  • Any attempt to transfer the property during life generally results in the joint tenancy's being converted as a matter of law to a tenancy in common


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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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