JTWROS And Your Estate Plan

There are some terms you might come across as you develop your estate plan, such as JTWROS, that you should know about before you start making your plan in earnest. A JTWROS, which stands for joint tenancy with the right of survivorship, is a form of property ownership that can offer certain benefits for people interested in avoiding probate. However, this form of property ownership also has some significant negatives that you will need to consider. Always talk to your attorney whenever you have any question about a JTWROS or any other estate planning issue. Until then, here is what you should know about the joint tenancy with the right of survivorship. Joint Property Ownership People can one property jointly as co-owners in several different ways. One of the most common forms of co-ownership is the joint tenancy. This form of joint ownership is most commonly encountered with financial accounts or real estate, though almost any property can be owned in a joint tenancy. More often kno


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