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Joint Tenancy and Real Estate Issues in Estate Planning Presented By: Richard Niedermayer, TEP Stewart McKelvy and Kelly L. Greenwood Burch ells LLP March 9, 2017, STEP Atlantic Page 1Topics Setting
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Obtain a joint tenancy and real estate form.
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Read the instructions thoroughly before filling out the form.
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Provide accurate and up-to-date information about the property.
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Include the names and contact information of all parties involved.
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Specify the ownership share of each tenant in the joint tenancy.
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Joint tenancy is a form of property ownership where two or more people hold equal shares of the property, with the right of survivorship.
Individuals who own property as joint tenants are required to file joint tenancy and real.
To fill out joint tenancy and real, individuals need to provide information about the property, names of all joint tenants, and their respective ownership shares.
The purpose of joint tenancy and real is to accurately report the ownership structure of a property and ensure compliance with tax laws and regulations.
Information such as the property address, names of joint tenants, percentage of ownership for each tenant, and any changes in ownership during the tax year must be reported on joint tenancy and real.
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