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Warranty Deed for Separate or Joint Property to Joint Tenancy - Ohio

Warranty Deed for Separate or Joint Property to Joint Tenancy - Ohio 2025

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The document is a legal form for a Warranty Deed in Ohio, allowing an individual to transfer property ownership to two individuals as joint tenants. It provides instructions on completing the form, explains how property can be held (as Tenants in Common or Joint Tenants with Right of Survivorship), and includes a disclaimer about the use of the forms. The deed outlines the necessary information for the transfer, including legal descriptions and signatures required for validation.

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What assets are exempt from probate in Ohio?

Non-Probate Property in Ohio Real estate held in joint or survivorship form. Assets and property with a transfer-on-death designation. Insurance proceeds with a named beneficiary. Payable-on-death bank accounts. Assets held in trust.

What are the disadvantages of a warranty deed?

Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.

What is the survivorship rule in Ohio?

(B) If two or more persons hold an interest in the title to real property as survivorship tenants, each survivorship tenant holds an equal share of the title during their joint lives unless otherwise provided in the instrument creating the survivorship tenancy.

What is the best deed for a married couple in Ohio?

In a transaction with title insurance, we recommend the use of a Joint Survivorship Deed for married couples. If youre buying a house, you can request that the title company give you a survivorship deed instead of a standard warranty deed.

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).

Can property be transferred without probate in Ohio?

A Transfer on Death (TOD) is a legal document that can transfer your home without a will. This means that your home will not have to go through the probate court.

Does a survivorship deed avoid probate in Ohio?

Real Estate can be titled in survivorship to avoid Probate; bank accounts can be joint accounts or POD/TOD, which stands for Payable on death or Transfer on death; vehicles can have survivorship beneficiaries or a TOD designation.

Does a survivorship deed avoid probate?

With a survivorship deed, when one co-owner passes away, the property title transfers to the surviving co-owners without the need for probate, which can be a time-consuming and somewhat complicated process.

Warranty Deed for Separate or Joint Property to Joint Tenancy - Ohio 2025

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