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Tenants in Common v Joint Tenants (EP 94)
In this podcast, Dannielle Young delves into the critical differences and implications of two forms of property ownership: Tenants in Common and Joint Tenants, especially in the context of Family Law Separations.
- Ownership Shares: Allows for separate shares in property.
- Separate Interest: Each owner has an individual interest in the property.
- Survivorship: Does not have rights of survivorship; ownership can be passed through a will.
Joint Tenants:
- Equal Ownership: All owners hold an equal share.
- Right of Survivorship: On the death of one owner, their share automatically passes to the remaining owners.
Dannielle Young also addresses the practical implications to consider both at the time of purchase and following a separation.
- Distribution of Property: How assets are divided in separation.
- Asset Purchase: Factors to consider when acquiring property.
- Estate Planning: Implications for inheritance and wills.
- Changing Tenancy: How to switch between these ownership types.
By the end of the podcast, listeners will gain a comprehensive understanding of these ownership structures and their significant impact on property distribution during a Family Law separation.
It's crucial to consult with legal and financial professionals to make informed decisions that align with personal circumstances and goals.
Understanding these ownership structures is vital in ensuring fair and equitable resolution during Family Law separation and in protecting assets.
Tune in to the Divorce Collective Podcast with Senior Associate Dannielle Young, who provides an in-depth exploration of these ownership structures.
- Offer: Free initial consultations.
- Appointment: Available in Gold Coast, Brisbane, Cleveland offices, or via Zoom.
- Contact: Visit collectivefamilylaw.com.au or call (07) 5574 0971.
CONNECT WITH COLLECTIVE FAMILY LAW:
Instagram: @Collective_Family_Law
Facebook: Collective Family Law Group
LinkedIn: Collective Family Law Group
View all episodes
By Caralee FonteneleIn this podcast, Dannielle Young delves into the critical differences and implications of two forms of property ownership: Tenants in Common and Joint Tenants, especially in the context of Family Law Separations.
- Ownership Shares: Allows for separate shares in property.
- Separate Interest: Each owner has an individual interest in the property.
- Survivorship: Does not have rights of survivorship; ownership can be passed through a will.
Joint Tenants:
- Equal Ownership: All owners hold an equal share.
- Right of Survivorship: On the death of one owner, their share automatically passes to the remaining owners.
Dannielle Young also addresses the practical implications to consider both at the time of purchase and following a separation.
- Distribution of Property: How assets are divided in separation.
- Asset Purchase: Factors to consider when acquiring property.
- Estate Planning: Implications for inheritance and wills.
- Changing Tenancy: How to switch between these ownership types.
By the end of the podcast, listeners will gain a comprehensive understanding of these ownership structures and their significant impact on property distribution during a Family Law separation.
It's crucial to consult with legal and financial professionals to make informed decisions that align with personal circumstances and goals.
Understanding these ownership structures is vital in ensuring fair and equitable resolution during Family Law separation and in protecting assets.
Tune in to the Divorce Collective Podcast with Senior Associate Dannielle Young, who provides an in-depth exploration of these ownership structures.
- Offer: Free initial consultations.
- Appointment: Available in Gold Coast, Brisbane, Cleveland offices, or via Zoom.
- Contact: Visit collectivefamilylaw.com.au or call (07) 5574 0971.
CONNECT WITH COLLECTIVE FAMILY LAW:
Instagram: @Collective_Family_Law
Facebook: Collective Family Law Group
LinkedIn: Collective Family Law Group
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