Joint tenancy is a convenient form of ownership. It is a form of ownership that has been encouraged in the marketplace by financial institutions and, to some extent, by professional advisors. Joint tenancy, it is estimated, is utilized in ninety-five percent of married couples' estate plans. Because of the survivorship feature of joint tenancy, it is thought to create an estate plan instantly. Joint tenancy requires no will, trust or other estate planning device.

This means that the parties own the property together, and at death the entire interest of the decedent automatically passes to the surviving joint tenant. If the decedent leaves a will conveying his interest to someone else, the will is ineffective. Joint tenancy property automatically passes to the survivor regardless of what the will says. See similar questions...

There are several advantages of an implanted device. Since it is implanted in the body, there are few, if any, external parts to wear and daily maintenance is minimized. In addition, the system is more directly targeted to the effected area. The disadvantage of implanted devices is they do involve a surgery which can lead to a system that is more expensive. See similar questions...

External devices, by the nature of being outside the body, can not be as targeted as an implanted device. There are also external components to wear and the daily maintenance of those components. Since they are outside the body, they can be less expensive than the implanted device. Another advantage of an external device is the ease to discontinue the use of the system. See similar questions...

ZipSeals are a patented DUI system that allows you to quickly change a latex wrist or neck seal in seconds. If you are at a dive site and a seal rips while donning the suit, you can change the seal on the spot, with no additional tools, and never again miss a dive. The ZipRings on your suit that provide the amazing ZipSeal benefits are so small and flexible that most people never even notice they are there. See similar questions...

Can you please provide an explanation of profit and loss diagrams for options? I am having difficulty interpreting their meaning. See similar questions...

Joint-Tenancy give ownership to the surviving partner and is most commonly used for husband and wife relationship. Tenancy-in-Common give only the portion of share to the estate of the partner. See similar questions...

This is simply not a good way to plan an estate. One problem with putting your child's name on the title to your property as a joint tenant is that while it will avoid probate, creditors of the child will be able to reach the joint tenancy property. It may also create a taxable gift when none is expected, and may not be consistent with your ultimately desired distribution. Adding someone else's name to your account may also not be consistent with your ultimately desired distribution. See similar questions...

Usually, it is not a good idea to put your house in joint tenancy with your children. First, if your child is sued, his/her creditor can collect any judgment the creditor has against your child from the equity in your house. Second, if your child wants to sell the house when you pass away, your child may have to pay unnecessary capital gains taxes if you gift your house to your child while you are alive. See similar questions...

Contributes to optimal breastfeeding practices and therefore enhances maternal and infant health and nutrition See similar questions...

There are several advantages and disadvantages for both virtual colonoscopy and optical colonoscopy. Please refer to the summary chart below: of patients have failed/incomplete colonoscopy due to redundancy of the colon or large number of diverticuli Virtual colonoscopy has been proven to be as effective and in some cases more effective than optical colonoscopy in detecting significant polyps. Virtual colonoscopy uses state-of-the-art software to visualize typically 95% to 98% of the colon. See similar questions...

First the advantages. Unlike the average high street shop, an online store has the capability to stay open 24 hours a day, 7 days a week. Secondly, there is more flexibility in a website to add and remove a product or products than in printed catalogues or brochures. Another advantage is that being online potentially gives exposure to new previously untapped market segments. A disadvantage of selling online is the inability to touch and feel merchandise. See similar questions...

Gasketed-joint PVC provides many advantages over other types of joining systems. The following is a brief summary: Watertight Joints: Gasketed-joint PVC water and sewer pipe joints are virtually leak-free, enabling them to easily pass post-installation air tests or leakage tests. Installation Considerations: Ease in installation is another advantage gasketed-joint PVC offers. See similar questions...

You *may* be able to get a better price -- the dealer knows they'll sell the car the day it arrives, i.e. no flooring or financing costs, etc. See similar questions...

In most cases, the answer is yes! There are many different types of breast reconstruction and the choices continue to grow as advances continue. What type of breast reconstruction is best for you depends on a variety of factors from the type of cancer treatment that you have had, your body size and shape, as well as your short and long term personal goals. We individualize treatment plans and would look forward to a consultation in our office to help you decide your best choice. See similar questions...

There's a discussion of different types of alternative fuels on this website, which includes advantages and disadvantages of each. See similar questions...

Every application requires inclusion of a tax identification number. The individual or business whose number is listed on the application is responsible for any tax liabilities generated from that account from dividends and redemptions. If one of the joint tenants dies, all income from the account goes to the surviving tenants and not to the estate of the deceased tenant. See similar questions...

When property is held in joint tenancy with rights of survivorship by two or more people, upon the death of one of the owners, all of his or her interest in the property is transferred immediately to the surviving owner. Joint tenancy is not a substitute for estate planning; on the contrary, it is one type of estate planning; however, is not a good way to plan an estate. For married couples, joint ownership does not help to transfer the estate upon the death of the second spouse. See similar questions...

Trusts enable the grantor (the person creating and funding the trust) to determine who receives the money, when they receive it, and what conditions must be met. The pros and cons of trusts depend on whether it is a living trust or a testamentary trust. A living trust is set up during the grantor's life, while a testamentary trust takes effect upon the grantor's death. See similar questions...