California  |  Wills and Trusts

Legal Question

Asked on: 11/16/11, 2:41 pm

Regarding "Tenants in Common" ownership of intangible personal property such as a lottery ticket; "Tenants in Common" ownership allows for equal right of possession.

How can this be accomplished if two or more owners want possession at the same time? Let's then assume a safe deposit box or similar neutral storage with common access... what is to keep one individual from taking the ticket for 100% possession? Is their a legal remedy?

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