If a piece of property is held in Joint Tenency, can the ownership be unequal? In particular, if a father adds his adult child to the title of his house as a joint tenent, can he do so as only a $10,000 gift and avoid any taxes? The advantage to this type of title appears to be that the house would pass outside of probate and bypass any creditors other than mortgage. The disadvantage would seem to be that there might be more capital gains in the end if the child were to sell the house after the father passed away. Is there any other consideration in this analysis?Thank you,Craig
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