Afg Law

The article explains the legal and practical differences between owning property as joint tenants and as tenants in common. Joint tenancy allows a deceased owner’s interest to pass automatically to the surviving owner, while tenants in common allow owners to hold separate shares and leave those shares through a will. A deed of trust can record unequal contributions and determine how sale proceeds are divided. Ownership arrangements can be changed later, and the most suitable option depends on the owners’ relationship, financial contributions and estate-planning wishes. AFG Law offers advice and deed-of-trust services in this area.