At Provident Law Group, we are committed to providing you with practical and personal legal services. We understand that legal issues are confusing and complicated. Our job is to listen to you and give sound advice that is straight-forward and effective. When you need an Attorney call or email us.
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Legal Question of the Week
If you and a friend each own 50% of a property that you bought together to run a business, what happens if one of you passes away?
Answer - Unless the Deed clearly states the property is owned as Joint Tenants, with a Right of Survivorship, the 50% owned by the deceased person will pass to their family and heirs. You would now own the property with your friend's family. Check the Title on the Deed, it's important!