Joint Ownership: Smart Move or Big Mistake?

Many people think adding someone to a home, car, or bank account guarantees an easy transfer after death, but that’s not always the case. In this video, California estate planning attorney Elijah Keyes of Keyes Law Group breaks down the truth about joint ownership, how it actually works under California law, and when it helps, or hurts, your estate plan. 🎥 What You’ll Learn: How joint ownership legally works in California The difference between Joint Tenancy and Tenancy in Common Why joint ownership can trigger gift taxes or property tax reassessment What happens when the last joint owner dies When joint ownership makes sense—and when it can cause problems Real-world example of what went wrong with a simple joint bank account ⏱ Timestamps: 00:00:00 Introduction 00:00:28 Family Scenario (Recap) 00:00:58 What is Joint Ownership 00:01:52 Types of Jointly Owned Property 00:02:38 Benefits of Joint Ownership 00:03:34 Risks and Pitfalls 00:07:03 What Happens When the Last Joint Owner Dies 00:07:48 When Joint Ownership Makes Sense—And When It Doesn’t 00:09:50 Conclusion and Recap 📍 Based in Milpitas, we help families across the South Bay protect what matters most. 💬 Have questions? Drop them in the comments, we’re here to help. The information provided on this YouTube channel by Keyes Law Group PC is intended solely for informational purposes and should not be considered legal advice. Viewing this channel does not establish an attorney-client relationship with Keyes Law Group PC, and any communications sent through this platform may not be privileged. Your use of this channel constitutes acceptance of these terms. Keyes Law Group PC disclaims any liability for damages resulting from reliance on the information provided. For tailored legal advice regarding a particular matter or concern, we invite you to schedule a consultation with us at our office. Keyes Law Group PC. All rights reserved. VISIT OUR WEBSITE - https://keyeslawgroup.com/ FOLLOW US ON SOCIALS - Facebook -   / keyeslawgroup2   Linkedin -   / elijahkeyes   Instagram -   / keyeslawgroup   BECOME A CLIENT - https://keyeslawgroup.com/contact/ SET A MEETING - a shortcut to set a 15 minute call with our intake team https://app.lawmatics.com/forms/share... 🔖 #JointOwnership #CaliforniaEstateLaw #EstatePlanning #AvoidProbate #BayAreaAttorney #LivingTrust #InheritancePlanning #KeyesLawGroup #MilpitasLawyer #PropertyTransferCalifornia #TrustAttorney #EstateTips