The Family Estate & Legacy Solution Center

Estate Planning Definitions & Glossary

Below is a helpful list of terms and words found on this site or related to estate and trust planning.

Joint Tenancy with rights of survivorship

A legal form of ownership in which you and another person own assets jointly and upon the death of one the other takes full ownership of the account or asset. This approach is too often used as a probate avoidance technique even though it has some serious disadvantages. See also Tenants in Common; Tenancy by the Entireties For more information, plice click here for a brief video.

Disclaimer: The information contained on this site shall not be construed as legal advice, as the information is general in nature and is not specific to any individual client or jurisdiction. No attorney/client relationship shall be established in the use of this site.While every effort is made to keep the information up to date, there is no warranty, expressed or implied, that the information contained herein is current. One should always consult with his or her own qualified estate planning attorney before acting on any legal or tax matter.