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Since many married couples hold title to their assets in joint tenancy, what does joint tenancy ownership mean in this regard?

April 26, 2017assets couples hold Joint married mean ownership regard tenancy title

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Since many married couples hold title to their assets in joint tenancy, what does joint tenancy ownership mean in this regard?

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Joint tenancy ownership is a contractual arrangement between the owners that the surviving joint tenant will receive full ownership of the jointly held property if neither joint tenant unilaterally terminates or breaks the joint tenancy prior to the first joint tenant’s death.