Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there any disadvantages to owning property as joint tenants with right of survivorship?

0
Posted

Are there any disadvantages to owning property as joint tenants with right of survivorship?

0

Yes. You could lose the property to the other joint tenants creditors. Alternatively, maybe she has plans for the property that you dont agree with (she may want to sell when youd prefer to preserve property). To avoid these types of scenarios, be sure that the person is someone you trust before making her a joint tenant to your property.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.