Question: what are the dangers of joint tenancy?
Answer: Danger #1: Only delays probate. ...  Danger #2: Probate when both owners die together. ...  Danger #3: Unintentional disinheriting. ...  Danger #4: Gift taxes. ...  Danger #5: Loss of income tax benefits. ...  Danger #6: Right to sell or encumber. ...  Danger #7: Financial problems.