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Joint Tenancy Not Great For Asset Protection

By Ken Laino on July 27, 2009
Posted in Joint Tenancy, Ohio law, Personal Residence

Holding property as joint tenants has numerous advantages.  It can be convenient, and it can generally avoid probate of the jointly held assets.  It is a big misconception, however, that joint tenancy provides very much asset protection.

A recent Ohio Court of Appeals Decision, White v. Parks is a perfect illustration of the drawbacks of…

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Kenneth J. Laino <br> <em>of</em> Schneider Smeltz Spieth Bell LLP
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Kenneth J. Laino and J. Paul Fidler are partners and Kyle T. Mordew is an associate in the law firm of Schneider Smeltz Spieth Bell LLP. The firm offers thoughtful, practical solutions to the complex problems facing its clients. Established in 1895,Schneider Smeltz Spieth Bell LLP is one of Cleveland’s oldest law firms. While its base is in Cleveland, the firm represents clients throughout the United States and the world.

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