It’s important to be aware that in a joint tenancy, each joint tenant has the right to use and occupy the entire property, regardless of their individual contribution to the property. This means that each joint tenant has the right to sell their interest in the property, or to mortgage or encumber the property without the consent of the other joint tenants.
Joint tenancy can be a useful tool when creating an estate plan in southern Utah, but it’s important to understand the implications of this form of property ownership and to consult with an attorney before creating a joint tenancy.
