Tuesday, August 9, 2016

Tenants by entirety, joint tenants and tenants in common



NJSA 3B:6-4 Division of Property, Joint Tenants or Tenants by the Entirety

3B:6-4. Division of property, joint tenants or tenants by the entirety

Where there is no sufficient evidence that two joint tenants or tenants by the entirety have died otherwise than simultaneously, the property so held shall be distributed one-half as if one had survived and one-half as if the other had survived. If there are more than two joint tenants and all of them have so died, the property thus distributed shall be in the proportion that one bears to the whole number of joint tenants.

For more info visit http://njlaws.com/3b_6-4.html?id=2205&a=

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