What does jointly held real estate mean in estate planning?

What Does Jointly Held Real Estate Mean In Estate Planning?

Real estate is commonly a joint asset.  There are three ways to be joint owners of real estate.  Each is different in what happens at the death of one of the joint owners.  The way a deed is written and recorded will determine how the real estate is held.

Example Of Jointly Held Real Estate In Regards to Estate Planning

Real estate is commonly a joint asset.  There are three ways to be joint owners of real estate.  Each is different in what happens at the death of one of the joint owners.  The way a deed is written and recorded will determine how the real estate is held and passed.