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In addition, assets that are passed in joint tenancy from deceased tenants do not have to pass through the probate of the decedent. With this being said, joint tenancy helps elude some expenses and nagging tasks.
With the good there also comes the bad. Joint tenancy involves co-ownership of a whole property...
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This may cause conflict in the management of the property. The performance of simple tasks, repairs, and routine checkups may become difficult when making decisions. In addition, even though a will leaves your property and possessions to certain individuals, joint tenancy property cannot pass through a will and passes only to co-owners...
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