Tenancy in Common (TIC) is utilized primarily when unrelated parties pool capital, such as in co-investments. Unlike JTWROS, there is no right of survivorship. Each owner’s fractional interest is a distinct asset that passes to their designated heirs via probate or an estate plan, and transfers are subject to standard valuation and gift tax rules. While TIC offers flexibility in structuring unequal ownership shares, it introduces significant administrative complexity: each owner’s share is subject to their individual creditors, and disagreements regarding asset management can result in a partition action, forcing a liquidation of the account.