Legal Question in Family Law in California
divorce and properties
I am going through divorce and we
have properties together as husband
and wife as joint tenants. Should we
change them as single man and
woman as joint tenants?? what is
best for both??
Asked on 2/09/09, 11:33 am
1 Answer from Attorneys
Lyle Johnson
Bedi and Johnson Attorneys at Law
Re: divorce and properties
Without a full review of your situation a recommendation cannot be given. There is a significant difference between joint tenancy and tenants in common. With joint tenancy if one of the joint tenants dies the surviving tenant or tenants become the owners. The interests of the joint tenants cannot be transferred by will. Tenants in common have the right transfer their interest in the property by will. With this information you should be in a better position to make a decision.
Answered on 2/12/09, 11:46 pm