Why Caliornia Homeowners Should Think Twice About Joint Tenancy

<p>I want everybody listening today to answer what sounds like an incredibly simple question:</p><p><b>Who owns your house?</b></p><p>You're probably thinking:</p><p>‘Jon, that's easy. I do.’</p><p>Okay.</p><p>Pull out your deed.</p><p>Because I'm not asking who lives there.</p><p>I'm not asking who's making the mortgage payment.</p><p>I'm asking:</p><p><b>How is title actually held?</b></p><p>Joint tenants?</p><p>Community property?</p><p>Community property with right of survivorship?</p><p>Your individual name?</p><p>Your revocable living trust?</p><p>Maybe you're sitting there thinking:</p><p><b>‘I have absolutely no idea.’</b></p><p>And that's exactly why we're talking about it today.</p><p>Because those few words on your deed can have consequences when somebody dies, when somebody becomes incapacitated, when the property is sold, and when your family ultimately tries to settle your estate.</p><p>So today we're going to talk about something incredibly boring...</p><p><b>**that could potentially be incredibly expensive.</b></p>