There are several ways two or more people can own property together, including tenancy in common and joint tenancy. Learn the difference between these two ways to own property together.
Joint Tenant With Right of Survivorship (JTWROS) vs. Tenancy in Common (TIC) A joint tenant with right of survivorship differs from a tenancy in common. While each party in a JTWROS has a right of survivorship over the asset, those in a TIC do not have the same legal right. Unless o...
Two or more people who own an asset together may be referred to as joint tenants in common. Assets may includereal estate, bank accounts,brokerage accounts, investment portfolios, or other types of property. Joint tenants in a common arrangement could be established through a will left by the ...