Joint tenancyrefers to when two or more parties share equal shares of ownership in property with the same deed at the same time. This type of holding title is most common between spouses and among family members becauserights of survivorshipare involved, similar to joint accounts.5 Joint tenancy...
The right of survivorship is an attribute of several types of joint ownership of property, most notably joint tenancy and tenancy in common. When jointly owned
Although joint tenancy is most closely associated with real estate ownership, the broader legal concept ofjoint tenancy with right of survivorshipcan apply to a range of assets, including businesses andbrokerage accounts.1A strong association with real estate exists because the term tenancy is seen as...
The trustee plays a crucial role in the management and distribution of a trust. Find out what the trustee's responsibilities are and how to choose one.
warranty deed with a declaration that the buyers hold the property as "joint tenants with a right of survivorship." Don't worry about the legalese — the words are just a way of creating the survivorship title. Your attorney or real estate agent will prepare this document during your home ...
An affidavit of survivorship is a sworn statement, made by the survivor of a joint tenancy, that lets the government know that one joint tenant has died and the survivor is taking full ownership of the property by operation of law. Typically, the survivor must attach to the affidavit a copy...
When Is It Time to Use a Trustee Deed? What Is the Difference Among a Guardian, Trustee, and Executor? What Is a Probate Attorney and How to Find One What Are the Different Types of Social Security Benefits? Living Trust: Trustor vs. Trustee ...
Most spouses own property as joint tenants with right of survivorship. A quitclaim deed with a right of survivorship is a legal deed that allows two people to co-own old real estate in such a manner that probate is not required to transfer title to the property after the death of one of...
Tenancy in common is a legal arrangement for co-owning real estate. It allows for flexibility in terms of the number of owners and share of ownership each one has. Tenancy in common is different from joint tenancy and tenancy in entirety, two other types of shared property ownership. ...
If you didn't do any research, and simply believed their threats, you may not have a fraud claim. It's unfortunate, but one person lying to you is not always fraud. Of course, if you did pay them when the debt wasn't actually yours, you can take them to court to get the money...