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JOINT PROPERTY
property that is held in the name of more than one person.
Property held in the name of both spouses. Except in Mississippi, legal title is usually not relevant in dividing property. Basically, one spouse can’t say, "honey, the property is in my name, so you don’t get any."
Sometimes called joint tenancy. Property that names a co-owner on its deed or title. Co-owners retain ownership of the property upon the death of a co-owner. A co-owner in a joint property arrangement cannot give away his or her share of the property.
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Legal Dictionary INDEX:
List of Terms: Terms beggining with "A", Page 1 |
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 A: Page 1 of 44.
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