Doanne & Doanne

WhAT does tenants in common mean?

Video Transcription:

Tenants in common is a joint ownership form, but it’s different from joint with right of survivorship. With tenants in common, if you own an account or home, as tenants in common, when you pass away 50% of what you own actually goes through probate. The other 50% is owned by the tenants in common holder.

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