What is the advantage of “joint tenancy”?

It may be a good idea for you and your partner to own assets together in “joint tenancy”. This means both of your names are on the house, car, boat, etc. If one of you should pass away, the other will automatically be assigned sole ownership of the property. This way you do not have to worry about these items going through probate.

If you would like more information on estate planning, contact the Austin estate planning lawyers of Slater, Kennon & Pugh LLP by dialing 512-338-1100 today.

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