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Blog Posts in April, 2013

Should one seriously consider whether any co-ownership arrangement is right for them?

Positively. Those co-owning property seldom contemplate the potential liabilities they can incur from their co-ownership. Nor do they always consider whether their co-ownership aids or impedes the ...
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How can we protect our assets if we live in a community property state?

There are nine community property states. Community property includes all marital assets. There are also separate assets; those acquired by either spouse through gift or inheritance, acquired before ...
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Can you discuss co-owning assets as joint tenants?

Joint tenancy is a particularly popular form of co-ownership. Several key features distinguish it from tenancy-in-common. One such feature is its right of survivorship. When one joint tenant dies, the ...
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What are the dangers of owning assets as tenants-in-common?

Each co-owner in a tenancy-in-common or tenant-in-common own a divided fractional share of the property. This creates serious lawsuit dangers and, reciprocally, no creditor protection. There are many ...
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Can other forms of co-ownership protect your assets?

Not generally. For example, two or more parties may own property as tenants-in-common, yet that's a dangerous form of ownership because each co-owner's interest is vulnerable to his or her ...
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