When you want for death with joint ownership, which effectively do is delay tax payments. What you lose when you plan this technique is the tax benefit that married couples are available. Each person has a certain tax exemption let's discuss paying estate taxes ($3.5M for 2009, No tax in 2010, then $1M in 2011 and beyond). But with joint ownership planning, you lose one of those exemptions all for the sake of delaying payments. Each married couple should be start a home office two tax exemptions. May possibly not be worthwhile in your case to obtain rid of that all for the sake of delaying any payment.

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