Do you know what joint tenancy really is? Joint tenancy isn’t just sharing property! Joint tenancy can be shared real estate, but it can also be shared bank accounts, brokerage accounts, or even safe deposit boxes. Given the negative income tax consequences of joint tenancy, it’s vital that you understand it.
For more information about joint tenancy, watch this legal webinar presented by Estate Planning and Trust Administration attorney, James L. Cunningham from CunninghamLegal.
