Roger McEowen, interviewed by Janet Adkison, RFD-TV Market Day Report, May 9, 2022.
Joint forms of property holding between husband and wife have been widely used among farm families because of certain supposed advantages, one of which is the simplicity of transferring property upon death. A distinguishing characteristic of joint tenancy is the right of survivorship. That means that the surviving joint tenant or tenants become the full owner(s) of the jointly held property upon the death of a fellow joint tenant regardless of the terms of the deceased joint tenant’s will. Professor McEowen discusses joint tenancy basics and the estate tax treatment of joint tenancy property.
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Roger McEowen is the Professor of Agricultural Law and Taxation at Washburn University School of Law in Topeka, Kansas. From RFD-TV Market Day Report, May 9, 2022; uploaded with permission.