Posts tagged Joint Tenancy.

A friend called the other day distressed at the conduct of her elder and only sibling.  He had said and done mean things, and taken financial and emotional advantage of their aging mother, now in a care home.  The brother was a sponger.  He lived rent and expense-free in mum’s home despite efforts to get him to leave.  He had not worked in years and was taking advantage of his mum.  My ...

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One of the most common forms of estate planning, particularly among couples, is not to have any plan at all.  That is often a very bad idea for a wide variety of reasons.  However, there are circumstances where it is a good idea and can avoid many estate problems.  This can be done by owning all assets in joint tenancy with your spouse.  Generally, when one of the joint tenants dies, the ...

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