Archive for August 12, 2014

The Impact of Owning Minnesota Real Estate as “Joint Tenants” v. “Tenants in Common”

Perhaps you’ve never given much thought to the words on the deed to your Minnesota real estate, but whether you own it as joint tenants or tenants in common can make a big difference as to what you own. The difference also impacts how, when and to whom the real estate is transferred.

Joint tenants own an undivided interest in the property whereas tenants in common own a specific percentage. Why does the difference matter? » Read more..