Joint tenancy is a way for two or more persons to share equally in the ownership of property.
If you want to give property by Will, do not put it in joint tenancy. For example, putting another person's name on your bank account may create a joint tenancy. These examples may not apply to all cases and you should contact your attorney regarding your particular situation. In many instances, not all of the deceased person's property is jointly held and court administration is necessary. Even if all property is held in joint tenancy, a court proceeding may be necessary to determine inheritance tax liability, and may be necessary when real estate is involved.