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Good morning I'm this great cabin in the woods how about you and me eyes together you and me yeah pull our money buy it together I'll be half yours come on you know we got to be careful how we set that up why is that because there are different ways to own property, and it can cause some real legal problems like what well let's say how we set it up in the first place we buy the property as joint tenants or if we buy the property as tenants in common who cares what we call it if we buy it together those are just words on paper well we should care for one because I mean if we buy it as tenants in common and one of us happens to die where do you think the other interest goes it goes to the other one not necessarily see what I mean about how we set it up if we buy the property as tenants in common then if one of us dies it doesn't go to the other ones it goes to that guy's heirs and I don't know about you, but I have a problem with my interest being in the hands of your crazy sister well some people in your family I'm not so happy about either all the more reason for us to set it up right we see if we set it up as joint tenants then if one of us dies the other one gets full title and that's what you want right now you're talking what if one of us decides to split up ownership though don't get me wrong I don't think it'll happen does well in both tendency and common and joint tenancy owners can partition the property you're not talking about splitting it down the middle are ya well if it was land that'd be okay but usually with property we'd have to find a buyer, and then we'd split the profits what if one of us gets married that's a good question probably because our ownership predates the marriage it probably wouldn't be considered marital property, but I don't really know huh you buddies joint tenants only one problem what's that not any money
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