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Trust Glossary

Jointly Held Property - Property concurrently owned by more than one person. Co-owners share an equal right to use the property. Each owner's fractional interest in the property and the results of his/her attempt to transfer that interest, however, depends on the form in which jointly held property is held.

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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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