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I have to choose between "Joint Tenants with the right of survivorship"," husband and wife" and "Tenants in common"for the title on a deed on some timeeshare property. Which one will allow us to pass this on to our heirs as designated in our will?
Optional Information: Country relating to Question: United States State (if USA): Michigan
Welcome! My goal is to do my very best to understand your situation and to provide a full and complete answer for you.
Good afternoon. If you want your interest to pass under your will, you want to take title as tenants in common. If you put joint tenants with right of survivorship, it passes outside the will directly to the survivor.
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Experience: Texas lawyer for 32 years; Also RE developer