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Save Declaration Of Trust in PPR

Save Declaration Of Trust in PPR

Aug 6th, 2022

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How to Save Declaration Of Trust in PPR

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Owning property jointly typically involves two forms: joint tenants and tenants in common. With joint tenants, if one owner dies, the surviving owner automatically becomes the sole owner. In contrast, tenants in common have defined shares; upon an owner's death, their share passes according to their will. Tenancy in common is often more suitable for cohabiting couples, friends, or family members who might jointly occupy or invest in property. In these cases, it's crucial to properly record the parties' intentions. A basic agreement establishes each owner’s share in the property.

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