How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Lawyer

Tina
Tina, Lawyer
Category: General
Satisfied Customers: 8603
Experience:  JD, BBA Over 25 years legal and business experience.
4460311
Type Your Legal Question Here...
characters left:
8 Lawyers are Online Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
< Last | Next >
  • Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises! Gary B. Edmond, OK
  • My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer. Eric Redwood City, CA
  • I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight. Michael Wichita, KS
  • PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent. Three H. Houston, TX
  • Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!! Elaine Atlanta, GA
  • It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem. Tony Apopka, FL
  • Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it. Lee Michigan
 
 
 

Joint Tenancy Agreement

Joint tenancy is the ownership of property by two or more people. Right of survivorship comes with joint tenancy. This means that in the event one of the owners die, the property is automatically transferred to the living owner. This type of ownership is popular to those who wish to keep property from entering into probate upon ones death. Take a look at the questions below regarding joint tenancy that have been answered by Experts.

If parents are in joint tenancy, can they add their children (two married couples) in joint tenancy on the title? What is tax consequence to children when they take on mom and dad's share of ownership?

If the children are added now, there shouldn't be any tax issues. Also, there no consequences regarding gift taxes. A donor is entitled to give up to $13,000 per person each year as annual gift exclusion. Also, each person is allowed a lifetime exemption of up to $5,000,000. This means that a person can give up to that amount without being affected by a gift tax. However, the donor will have to file a gift tax return with the IRS letting them know the amount of the lifetime exemption that is being used. As long as the donor doesn't exceed the $5,000,000, they won't have to worry about a gift tax.

Distinguish between a joint tenancy and a tenancy in common with regards to shared property. What are the differences in the owners’ rights and obligations between the types of ownership?

Joint Tenancy: There is automatic survivorship on a piece of property that is co-owned. When one owner dies while the property is still in their possession, ownership is automatically transferred to the other co-owner.

Tenancy in Common: There is no right to survivorship on the piece of property that is co-owned. This means if one of the owners die, their share of the property is divided between his/her heirs according to the owners will. If the owner has no will, the property will be dispersed according to statutes of the state.

My mother had a joint tenancy deed with rights of survivorship with my sister Debra. It was done on 4/1/10. On 4/10/11 my mother did another joint tenancy deed with me and 4 other members of my family, but did not include Debra in the second deed. Does Debra have any rights to this land? I live in Oklahoma.

Debra will still own an undivided 1/2 interest in the property according to the deed of 4/1/10. When your mother made a second deed, she could only transfer the original 1/2 of the property that wasn't transferred to Debra. The 4/10/11 deed changed nothing with Debra's ownership of 1/2 of the property. As it stands, Debra owns half of the property and you, along with the other four family members have ownership of the other 1/2 of the property.

My dad and I have joint tenancy on a property, that my mom signed an exemption, if something were to happen to my dad what happens to the property? Is there any way my mom can quit claim the property without my knowledge? My mom signed an exemption that she was not on the title of the property nor would she be. (For tax purposes) my dad has Alzheimer's and is slowly losing his memory.

Your father is a joint tenant of the property and if he chose to, he could convey his share of the property to your mother before his death. If your father does convey his share, this would make your ownership a tenancy in common. This means you would no longer have right to survivorship with the new owner (your mother). There is always the possibility that your mother could sway your father to quit claim his property. If you feel that your father isn't mentally capable of making a decision such as this, and that your mother swayed him unfairly, you might be able to have the conveyance overturned.

Joint tenancy is a legal way for two or more people to share property together with the right to survivorship. Many people choose this type of ownership to ensure that their property will go to a co-owner and stay out of probate. If you are interested in joint tenancy, you may want to ask an Expert to assist you in making a choice that is right for your individual situation.

Ask a Lawyer

Tina
Tina, Lawyer
Category: General
Satisfied Customers: 8603
Experience:  JD, BBA Over 25 years legal and business experience.
4460311
Type Your Legal Question Here...
characters left:
8 Lawyers are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Lawyers are online & ready to help you now

Tina
Lawyer
Satisfied Customers: 8436
JD, BBA Over 25 years legal and business experience.
Ely
Counselor at Law
Satisfied Customers: 19941
Private practice with focus on family, criminal, PI, consumer protection, and business consultation.
FiveStarLaw
Attorney
Satisfied Customers: 8189
25 years of experience helping people like you.

Recent Joint Tenancy Questions

  • In my settlement agreement I waived my rights to my husbands

    In my settlement agreement I waived my rights to my husbands medical license for lifetime spousal maintance. There is no clause ifor termination upon remarriage. Can mysimtance terminate if I cohabitate with my boyfriend?
  • I am being harassed by US census American community survey

    I am being harassed by US census American community survey for refusal to answer questions on a survey, can you help
  • Hi, I am seeking advice with the below matter. At the end

    Hi,
    I am seeking advice with the below matter.
    At the end of November this year I have purchased a puppy via online platform and I am expecting for him to be shipped this week. I have paid for him the full price and was just expecting for him to be delivered. However, the health report was disclosed to me today that the puppy has has a preflight condition otherwise known as an undescended testicle; which may or may not be a congenital or hereditary disorder. They have asked me to sign puppy disclosure waiver in which I will agree to accept this preflight condition and hereby grant the breeder full and final release of all claims that I have or could have had in full settlement and satisfaction for the disclosed preflight issues and as sole consideration for the final release and discharge of all actions, claims and demands whatsoever, that now exist, or may hereafter accrue.
    Is this something I should be forced to sign? I have also signed the purchase contract in which I agreed that if I decide to cancel anytime before the shipping, I will have to pay an admin fee.
    Can you please advise me what are my rights in this situation?
< Last | Next >
View More Legal Questions