Joint tenancy

Definition and stakes

S. A. Reilly,  Our Legal Heritage: The First Thousand Years…

“ And it is to be understood, that the nature of joint-tenancy is, that he that surviveth shall have solely the entire tenancy, according to such estate as he hath, ..." "Tenants in common are they that have lands or tenements in fee-simple, fee-tail, or for term of life, etc., the which have such lands and tenements by several title, and not by joint title, and neither of them knoweth thereof his severalty, but they ought by the law to occupy such lands or tenements in common pro indiviso, to take the profits in common. ”
Source: Gutenberg

Portrait of Hugo Black Hugo Black,  United States v. Jacobs — Opinion of the Court

“ In addition, there is sufficient substantial similarity between joint tenancies and tenancies by the entirety to have moved Congress to treat them alike for purposes of taxation. Practical necessities-and taxation is 'eminently practical' [14] -may well have led Congress to group different types of joint ownership together for taxation rather than to afford different treatment to each varying shade of such ownership. A tenancy by the entirety 'is essentially a joint tenancy, modified by the common law theory that husband and wife are one person.' [15] Only a fiction stands between the two. ”
Source: Wikisource

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