This means New Hampshire may have jurisdiction to tax the personal property located there. The intangible personal property is subject to tax by the domiciliary state, Alabama. Texas may also tax her intangible personal property, unless Texas exempts the intangible personal property of a nonresident from taxation. There are no survivorship rights. Each tenant's interest in the property can be left to the tenant's heirs, and the tenant's gross estate will include the fair market value of his or her proportionate interest at death.
Joint tenants can sell their interests during lifetime to third parties.
This action generally severs the joint tenancy, causing partitioning of the property. Tenants by the entireties may transfer their interests only with the consent of the spouse-cotenant. Under both forms of ownership, the property transfers by right of survivorship to the survivor at the death of one of the tenants. With a joint bank account, each joint owner owns a proportionate part of the account balance and is entitled to receive one-half of the interest income. There is no gift if a person uses personal funds to open a joint bank account.