Joint Tenancy Vs. Tenancy In Common: Which Is Right For You?

  Рет қаралды 3,145

Tree of Life Law Firm

Tree of Life Law Firm

Күн бұрын

𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐅𝐫𝐞𝐞 𝐋𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭 𝐂𝐥𝐚𝐬𝐬: www.FreeTrustClass.com
Joint Tenancy Vs. Tenancy In Common: Which Is Right For You? // Confused about joint tenancy and tenancy in common? Not sure which property ownership option is best for you? In this video, estate planning lawyer Edmund Yan will break down the differences between joint tenancy and tenancy in common in simple language. Discover the advantages and disadvantages of each, and find out which one can help you avoid probate. Let's jump right in!
#TreeOfLifeLawFirm #jointtenancyvstenancyincommon #tenantsincommon #jointtenancy
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✝️ (𝐅𝐫𝐞𝐞 𝐂𝐥𝐚𝐬𝐬) 𝐇𝐨𝐰 𝐭𝐨 𝐌𝐚𝐤𝐞 𝐘𝐨𝐮𝐫 𝐋𝐢𝐯𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭 𝐖𝐈𝐓𝐇𝐎𝐔𝐓 𝐇𝐢𝐫𝐢𝐧𝐠 𝐀 𝐋𝐚𝐰𝐲𝐞𝐫: www.FreeTrustClass.com
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00:00 - Intro
01:13 - Today’s Questions and Answers
01:51 - What is joint tenancy and tenancy in common?
07:56 - What are the advantages and disadvantages of joint tenancy?
11:55 - What are the advantages and disadvantages of tenancy in common?
13:19 - Which option is better for avoiding probate?
16:10 - Watch the Free Living Trust Class
16:56 - Prayer
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Tree of Life Law Firm
(408) 412-1913
www.treeoflife.legal
Attorney Edmund Yan is on a mission to empower you and every homeowner in America (regardless of your budget) to make your own trust that actually works and actually protects your house and family from probate court.
Join Edmund in this free class as he reveals secrets that other lawyers don't want you to know... because after watching this class, many of you will be able to do it yourself without dipping into your savings to hire a lawyer to do it. Due to Edmund's demanding schedule, this free class is for a limited-time only, so click the link below to watch now before this class is no longer offered:
www.FreeTrustClass.com
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About Attorney Edmund Yan:
Hi, Edmund here. I’ve helped hundreds of clients design a meaningful future and leave a legacy of love. Because of my dedication to my clients, I’ve received many humbling awards, including:
🏆 Awarded 10 Best Estate Planning Attorney (AIOLC)
🏆 Clients' Choice Award (Avvo)
🏆 Voted in the top 2.5% of estate planning attorneys under 40 years old for 6 straight years (Super Lawyers Rising Star)
Thanks for watching! If you enjoyed this video and want to see more like it, be sure to hit that subscribe button and turn on notifications so you never miss a new upload.
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Legal Disclaimer:
The information in this KZfaq video (1) is not, nor is it intended to be, legal advice; (2) does not create an attorney-client relationship between you and our law firm; (3) provides personal perspectives on legal news and developments; and (4) is provided solely for informational purposes and may be considered ATTORNEY ADVERTISING. We do not warrant that this information is complete or accurate, and we encourage you to do your own legal research or hire an attorney to ensure your legal questions are answered. We do not guarantee that you and your family will avoid probate court. Results vary depending on your own ability to make your living trust and other estate planning documents correctly. Watching this video, leaving a comment, or communicating with Edmund Yan or Tree of Life Law Firm by email or over the Internet does not create any attorney-client relationship unless an attorney-client agreement is signed. Edmund Yan is licensed in California and New York only. Prior results do not guarantee a similar outcome. If you have legal questions specific to your unique situation, you should speak to an attorney in your state.

Пікірлер: 17
@treeoflifelawfirm
@treeoflifelawfirm 11 ай бұрын
Hi friends, was this video helpful? Please leave a comment below so we can make more practical videos about joint tenancy and tenancy in common.
@Edoc-kc9mn
@Edoc-kc9mn Ай бұрын
Absolutely. Thank you so much ❤ God bless
@leslobo6968
@leslobo6968 10 ай бұрын
Your Videos are excellent ! Thanks for sharing your knowledge ! God bless you ! 🙏🙏🙏
@treeoflifelawfirm
@treeoflifelawfirm 10 ай бұрын
You are welcome. Glad it was helpful!
@jhy2kmoney
@jhy2kmoney 11 ай бұрын
Thanks. Great video.
@treeoflifelawfirm
@treeoflifelawfirm 11 ай бұрын
You are welcome. Glad it was helpful!
@MohammadAyubKhan-jy3pg
@MohammadAyubKhan-jy3pg Ай бұрын
Excellent.
@treeoflifelawfirm
@treeoflifelawfirm Ай бұрын
Glad it was helpful!
@LoveLife-gv8jg
@LoveLife-gv8jg 2 ай бұрын
Thank you for this video. My 20 year partner and I (never married) bought a property and listed on deed joint tenancy/rights of survivorship. Does that mean if one passes before the other will we need to share tenancy with the children or does all ownership go to the survivng owner? It was so long ago that I wasnt as concerned about what it listed as long as my name was on it.
@treeoflifelawfirm
@treeoflifelawfirm 2 ай бұрын
Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.
@leslobo6968
@leslobo6968 10 ай бұрын
How do the Rules of Property transfers & inheritance vary from one state and another? Like WASHINGTON DC and HOUSTON Texas ? for instance ? Are the rules
@treeoflifelawfirm
@treeoflifelawfirm 10 ай бұрын
Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.
@user-hm8nh9qu6y
@user-hm8nh9qu6y 8 ай бұрын
Hello I would like to know if the title is son and his wife and dad as joint tendency but they made a mistake on the deed where son and wife are joint tenant and the dad put joint common but he dies and the other siblings want to take part of his share even though they know it was just between son and dad? Is there a chance the son can win over?
@treeoflifelawfirm
@treeoflifelawfirm 8 ай бұрын
Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.
@leslobo6968
@leslobo6968 10 ай бұрын
If I am a 20 % beneficiary ( POD ) & her 2 daughters get 40 % each , on all of my sisters Bank or Investment Accounts , does this fact.need to also be stated in her Will , or would that be defeating the purpose of getting immediate payment to beneficiaries & bypassing Probate ? So , would the Beneficiary percentages split in Financial Accts , not be mentioned in the Will , in order for that to avoid Probate ?
@treeoflifelawfirm
@treeoflifelawfirm 10 ай бұрын
Thank you for reaching out and leaving a comment! We appreciate your interest in our channel. Your question has been added to our list of video topics and we will certainly consider it for a future video. While we can't promise that we'll get to every question, rest assured that we're doing our best to bring you the most relevant and helpful content. Keep an eye out for future videos and keep the questions coming! Please note that this is not legal or financial advice and we have no legal obligation to answer your questions. Our response is not, nor is it intended to be legal advice, to create an attorney-client relationship between you and Tree of Life Law Firm or any of its attorneys, or to be an offer to create such an attorney-client relationship. The information is provided for general information and educational purposes only and is not a substitute for professional advice. If you need personal legal or financial advice, please consult a legal or financial professional immediately. Do not take any action, postpone any action, or decline to take any proposed action based on this information without first engaging the representation of a licensed attorney at law in your State of residence. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED IN THESE COMMENTS IS SOLELY AT YOUR OWN RISK. God bless.
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