Legal Question in Wills and Trusts in Pennsylvania

Re: inheirtance of joint owners

To answer your question, it depends on the type of ownership interest that the parties have in the account or in the property. If you own a piece of property "jointly with right of survivorship" with another person, then the survivor does, if fact, get the whole property. However, if you own a property with another person and the Deed does not specify that you own it as Joint Tenants with Right of Survivorship, then there is a presumption that you own it as Tenants in Common. What that would mean is that, when one owner or the other dies, they can leave their respective interest in the property to their heirs. As such, it's all about the language on the Deed. Any questions, please feel free to contact me either through www.americanwillsandestates.com or at [email protected]. Thanks.

Lloyd A. Welling, Esq.