Tenancy In Common: How Not To Own Property
Posted October 2, 2018 in Asset Protection, Estate Planning and Probate ,Here is a typical estate scenario. Father and Mother own their $1,000,000 homestead jointly with right of survivorship. They have three children- Sam, Stan, and Dora, all in their 50s. Father dies and the Mother becomes the owner. Mother dies a few years later intestate.