Saturday, August 21, 2010

Two couples buy property as joint tennants one person dies how is property divided?

The spouse of the dead person will own half of the property. Generally, all property goes to the spouse unless otherwise specified.Two couples buy property as joint tennants one person dies how is property divided?
Only 1 person dies? or 1 of the couples move out?





as long as the other person can pay their share of the mortgage, it is OK. Unless 1 of the couples move out, then 50% of the property still remains.

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