#tenancy-in-common

[shieldinsuranceca-blog]

What are the forms of Property Interest? - Canada Insurance Plan

While a Will can often control the final disposition of a person’s assets, depending on the form of real property is registered, it may transfer some assets outside of a Will, which will save both time and probate fees. The estate depends on identifying in terms of owned, the lease deed, Will land grant and/or …

[carsonhuttons]

Joint Tenancy versus Tenancy-in-Common: What’s the difference?

Joint Tenancy versus Tenancy-in-Common: What’s the difference?

1. Shares make all the difference

If you and another person / other people purchase a property together without clearly determining how big each person’s share is, the arrangement is known as a joint tenancy. If, however, you each have a specific share (this can be equal or unequal), the arrangement is known as tenancy-in-common.

2. Regardless of dollars and cents

Under a joint tenancy, each…

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