The Three Major Pitfalls of Joint Tenancy

Too frequently people come to us and say, “I don’t know why I need to do any estate planning because my husband and I own everything jointly (otherwise known as joint tenancy).” Although joint tenancy is a powerful tool, many mistake it as a replacement for your family’s estate planning needs.

In this short video, Larry Parman shares what Joint Tenancy is exactly and, when used as a substitute for estate planning, its three major pitfalls that can come back to haunt your family.