Most business partners will hold title as Tenants In Common.
Tenants In Common have no right of survivorship.
When one tenant in common passes away, the share does not go to the other surviving tenants.
The share will be transferred to the estate of the deceased tenant.
Tenants In Common can have unequal shares ( eg, 1/4, 1/4 and 1/2 split).
Tenants In Common have no right of survivorship.
When one tenant in common passes away, the share does not go to the other surviving tenants.
The share will be transferred to the estate of the deceased tenant.
Tenants In Common can have unequal shares ( eg, 1/4, 1/4 and 1/2 split).
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