Joint Tenancy

An ownership arrangement in which two or more persons own property with rights of survivorship. The individuals, called joint tenants, share equal ownership of the property. The right of survivorship provides that if any one of the joint tenants dies, the remainder of the property is transferred to the survivors in equal parts. When only one joint tenant is left alive, he or she owns the property individually. Four main features mark a joint tenancy: (1) the joint tenants own an undivided interest in the property as a whole; (2) the estates of the joint tenants are fixed and unalterable by any condition for the tenants’ lifetimes; (3) the joint tenants hold their property under the same title; and (4) the joint tenants all enjoy the same rights. If joint tenants mutually agree to sell the property, they must equally divide the proceeds of the sale. If one joint tenant decides to convey his or her interest in the property to a new owner, the joint tenancy is broken and the new owner is a tenant in common.

Estate Planning Blog

Get useful estate planning insights about wills, trusts, elder law, special needs planning, estate administration, and more from the estate planning attorneys at TuckerAllen.

Read More


O'Fallon, MO

2897 State Hwy K Suite 210
O'Fallon, MO 63368

(314) 384-6278

Location Details
Schedule Appointment

Kirkwood

1001 S. Kirkwood Rd. Suite 130
Kirkwood, MO 63122

(314) 375-2306

Location Details
Schedule Appointment

Fairview Heights

331 Salem Pl. Suite 210
Fairview Heights, IL 62208

(618) 579-1005

Location Details
Schedule Appointment

Town & Country

12935 N. Outer 40 Rd. Suite 102
Town & Country, MO 63141

(314) 529-0835

Location Details
Schedule Appointment

Edwardsville

239 N. Main St.
Edwardsville, IL 62025

(618) 589-3825

Location Details
Schedule Appointment

South St. Louis

6654 Chippewa St.
St Louis, MO 63109

(314) 644-3200

Location Details
Schedule Appointment

Reference: Joint Tenancy