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What does a joint tenancy warranty deed mean?

If you own property in joint tenancy, then you dont need to do anything to take possession of the property after the other owner dies. The property automatically becomes yours. You dont have to go to probate court, or do anything else.

How do you terminate a joint tenancy in Oklahoma?

In the first method, the surviving joint tenant, personal representative, attorney-in-fact or affiant may terminate the joint tenancy by filing, with the county clerk, an affidavit containing specific information required by statute and a certified copy of the death certificate.

What does joint tenants mean on a warranty deed?

Joint tenancy is a form of co-ownership where two or more individuals share equal ownership rights to a property. Each owner has an undivided interest in the property, and if one owner passes away, their share automatically transfers to the surviving owner(s).

What is a joint tenancy warranty deed in Oklahoma?

A joint tenancy warranty deed is a legal document that transfers ownership of property from one party to multiple parties as joint tenants.

How does joint tenancy work in Oklahoma?

Property held in joint tenancy with the right of survivorship passes directly to the surviving joint tenant(s) upon your death. This can save time and money and provide for a smoother transfer of assets to heirs.

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