If they took the deed with "joint ownership" as opposed to "owners in common", then the surviving owner inherits the property and it doesn't go to other heirs through any sort of probate process.

That period of time was characterized, in part, by insufficient demand, and too much housing supply.Lo and behold, they knee-jerked in the opposite direction.Policy-set I am referring to:- Suspending evictions.

@Michael Williams a joint venture partnership would work.

You will have to discuss w/ title company whether you will use joint tenancy or tenancy in common.Again discuss with a lawyer is your best bet, or a CPA.

I didn't think too much of it till him had a slip and fall at my business, came in with photos of his bruised knees, bruised arms and ask for several hundred dollars.

I also like the idea of using a joint account with my parents so that they can see what I have and know if there starts to be a problem.

If you want to raise some $ and do joint ventures, track record and experience mean way more, but a degree adds, but doesn't subtract. 

For example, here in Las Vegas my addendum stipulates first that all leaseholders are jointly and severally liable. 

It's called JVing, (joint venturing), I tried it a few times, never closed a deal doing it, came close though...

The dumb answer is making knee jerk decisions and thinking the deal plays out.