Many persons own assets with someone else.
Such assets may include their home, land, cars, bank accounts, stocks, bonds, credit union accounts or any other kind of property. Safe deposit boxes often have more than one name listed as owner. It is important that you understand the implications of these rules. Often, persons will place some or all of their assets in joint tenancy to allow either named owner to be able to be signer on the account. Older people will often do this to permit a son or daughter to take over management of assets if the parent becomes too disabled to do so himself.